Tech Company Financing Transactions
Vellum.ai Funding Round
Vellum.ai closed a $5 million Seed funding round on 7/11/2023. Backers included Eastlink Capital Management, Pioneer Fund and Rebel Fund.
Transaction Overview
Company Name
Announced On
7/11/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Proceeds Purpose
Vellum declined to share its pricing scheme, but did note that its services cost in the three to four figures per month. Crossed with more than three dozen customers, that gives Vellum a pretty healthy run-rate for a seed-stage company. A quick uptick in demand tends to correlate with market size, so it's fair to say there really is strong enterprise demand for LLMs.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
New York, NY Undisclosed
USA
New York, NY Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Vellum (W23) is a developer platform for building production-worthy applications on LLMs like OpenAI's GPT-3 or Anthropic's Claude. Use Vellum to save hours on prompt engineering, iterate on prompts in production confidently, and continuously fine-tune for even better results.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Akash Sharma
Chief Technical Officer
Noa Flaherty
Co-Founder
Sidd Seethepalli
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We report on every notable VC transaction. VC investment data records on this site come from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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