HomeFrancedottxt Raises $11.9M in Funding

dottxt Raises $11.9M in Funding

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dottxt, a France, Paris-based provider of an ecosystem and a platform for interacting with LLMs, raised $11.9M in funding, following the completion of both Pre-Seed and Seed rounds in just over seven months.

The funding consisted of a $3.2M Pre-Seed round, completed in December 2023 and led by Elaia, and a Seed round, which closed in August 2024 at $8.7M, led by EQT Ventures.

Further participants in the two funding rounds included Seedcamp, Common Magic, Kima, FSJ, Roxanne Varza (Station F), Erik Bernhardsson (Modal Labs, CEO), Julien Chaumond (Hugging Face, CTO), Bob van Luijt (Weaviate, CEO) and Jean-Louis Queguiner (Gladia, CEO). 

The company intends to use the funds to grow the team and the development efforts. 

Led by co-founders Rémi Louf, Dan Gerlanc, and Brandon Willard, dottxt is an ecosystem and platform for interacting with LLMs. Its open source library, Outlines, has been downloaded over 3 million times.

Artificial Intelligence companies such as OpenAI and Cohere are early users of the platform. 

FinSMEs

17/10/2024

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