Patronus AI’s Post

Today, I am super excited to announce our $17M Series A led by Notable Capital (formerly GGV Capital) with participation from Lightspeed and Datadog. 🚀 At Patronus AI, we are on a mission to boost enterprise confidence in generative AI. The sobering reality is that LLMs can fail. And it’s hard to predict when and where they will fail. Enter Patronus AI. Since we launched in September last year, we’ve moved faster than the speed of light ⚡Today, our product is used by numerous Fortune 500 enterprises and leading AI companies around the world. They have run millions of requests through our platform, and have caught hundreds of thousands of hallucinations and other mistakes in AI outputs, both in offline and online settings. Our AI research in evaluation model training, standardized benchmarks, and alignment techniques have done wonders. As part of the Series A, we’re thrilled that Glenn Solomon will be joining our board. Glenn has supported legendary companies over the years, like Hashicorp, Vercel, Square, Airbnb, Slack, Zendesk, and more. We couldn’t be more excited to be partnering with him and the whole Notable team. The round was also joined by other incredible luminaries like Gokul Rajaram, Jonathan Frankle, Jason Warner, Tristan Handy, Michael Callahan, Barr Moses, Factorial, Aparna Sinha, and Nadim Hossain! I’m so proud of us. Our team is the reason we’re here. Hwanghah, Varun, Jędrzej, Guillaume, Kornel, Selvan Sunitha, Maciej, Nino, Bartosz, Michał, Milder Edgar, and our research advisor Douwe Kiela. And of course, literally nothing would be possible without my amazing co-founder Rebecca. And guess what? WE’RE HIRING!!! https://lnkd.in/eTc7QsBu We’re just getting started. It’s still Day -1. The best is yet to come 🚀 Read our story: https://lnkd.in/eSm3kCwm Read our press release: https://lnkd.in/evBeXvet  Read our VentureBeat coverage: https://lnkd.in/exSZYUn7 Read our TechCrunch coverage: https://lnkd.in/eQniJnwx

🚨 Conviction is a new accelerator for AI Founders by Sarah Guo 🚨 Members of the Conviction Embed program get: 💵 $150,000 direct investment in a no-cap, no discount SAFE. 💵 $600,000 of software credits from Microsoft Azure, OpenAI , Anthropic and more. 🎙️Organised hiring demo day. And the best value from any top acceleration program: top advisors and mentors: Kaz Nejatian - Shopify Harrison Chase - LangChain Ivan Zhao - Notion Amjad Masad - Replit Kelvin Guu - Google DeepMind David Hsu -Retool Anu Bharadwaj - Atlassian Dylan Field - Figma Claire Hughes Johnson - Stripe Mike Vernal - Sequoia Capital Noam Brown - OpenAI Arthur Mensch - Mistral AI Henrique Dubugras - Brex Guillermo Rauch - Vercel Matei Zaharia - Databricks Jack Altman - Lattice Applications closed on March 31, 2024! #venturecapital #accelerator #innovation #technology #AI #founders #AIfounders #investors #funding #raisingcapital #artificialintelligence #machinelearning

Big props to Stellar …made the cut to the top 10! “In 2020, Snowflake announced a new global competition to recognize the work of early-stage startups building their apps — and their businesses — on Snowflake, offering up to $250,000 in investment as the top prize. Four years later, the Snowflake Startup Challenge has grown into a premiere showcase for emerging startups, garnering interest from companies in over 100 countries and offering a prize package featuring a portion of up to $1 million in potential investment opportunities and exclusive mentorship and marketing opportunities from NYSE…. …. Stellar is designed to make generative AI easy for Snowflake customers. It deploys gen AI components as containers on Snowpark Container Services, close to the customer’s data. Stellar Launchpad gives customers a conversational way to analyze and synthesize structured and unstructured data to power AI initiatives, making it possible to deploy multiple gen AI apps and virtual assistants to meet the demand for AI-driven business outcomes”

Don't miss your chance to join a leading panel of #VCs as they share best practices for building and pitching your #AI and data strategy to investors. Learn how to: ⚡️ Raise capital in a fiercely competitive market ⚡️ Build a well-defined data strategy to attract investors ⚡️ Leverage technical partnerships and integrations to grow your ecosystem ⚡️ Implement a tech stack with burn rate, scalability, and customer experience in mind https://okt.to/nCXpvF

London folks! It's starting to become a cliché that there are thousands of AI pilot projects and relatively few that make it to real life. Some of that is because the products just don't deliver. But some is just because founders and sales teams haven't learned how to sell AI yet. Come learn what actually works out there! #ai #aistartups #founder #founders #startupssales #gtm #startupgtm #founderledsales #startup #startups #aistartup

🚀 AI Drives Tech IPO Market Revival! 🚀 After a two-year slump, the tech IPO market is making a strong comeback in 2024, with 10 to 15 deals expected this year. Morgan Stanley’s insights reveal that companies leveraging AI to transform their businesses or enhance customer experiences are leading this resurgence. 🌟 ⚠ Following are some of the key insights that have been at the forefront: - Market Dynamics Driven by AI: In addition to the engagements by investors themselves, the cases of Astera Labs and Reddit have shown the kind of transformation brought about in market dynamics by AI. While Astera Labs has performed strongly since its IPO as an AI and cloud connectivity solutions provider, Reddit's strategic data partnerships with OpenAI and Google have improved its prospects in the market. - Revolutionizing Healthcare: The healthcare sector is one of the biggest beneficiaries of AI. For example, Tempus AI uses genomic data and anonymous patient data to develop pharmaceuticals more effectively. - Weathering the Storm: Economic headwinds and interest rate increases have not deterred the market thus far. The necessity for companies to move forward with public offerings and the mesmerizing pull of AI remain in vogue with investors. Also, according to the Ipsos AI Monitor 2024, more people are upbeat about AI and set it to drive the majority of innovations going forward. U.S. News had already reported that Reddit stands out as one of the biggest winners in the class of 2024 IPOs, its stock up some 69% from its first day of trading. The rest of those on the list were Lineage, which raised $4.44 billion to become the year's largest IPO. This is further manifested in highly-awaited IPOs, including those of Panera and Cohesity, indicating buoyant market sentiments. Why It Matters: AI is more than just a fad-it's a driver for technological advancement and healthcare. As companies begin to use AI to innovate and expand, the IPO market will see some serious gains. Investors looking to capture growth should pay close attention to AI-focused companies that will weather this changing landscape. Get the latest information on how AI is changing the game in tech IPOs.🚀💡 #TechIPO #AI #Innovation #Healthcare #Investment #MorganStanley

How'd you like over TEN HOURS of in-depth, insightful, and inspirational panel discussions, keynotes, and fireside chats about AI? Then look no further than the Gen AI Summit 2024 even we did with Amazon Web Services (AWS) and Fellows Fund. Over two dozen leading minds from the areas of technology, marketing, fundraising, and management spoke on the topic and you can get access to all of it! (Includes last year's sessions too!)

Writ raises $3.8M Seed Round Led By Gradient Ventures to Help Companies Better Use Data for Key Decisions! "For decades, data teams and the functions they support have shared a common mission without the tools to realize it. We're redefining how people work with data by using AI to eliminate manual work, uncertainty, and barriers to collaboration," said Adam Weinstein. Writ is focused on building out the product's core functionality alongside a set of industry-leading design partners and thought leaders. "Data teams need to accelerate their communication and decision making to stay competitive. Classic dashboard and reporting tools simply don't offer what professionals need. We're rebuilding the experience from the ground up alongside domain experts, integrating bleeding edge ideas in design, collaboration, and AI," says Jason McGhee. Read the article from PR Newswire in the #news section on colaeb.com

AI start-ups generate money faster than past tech companies🚀 According to Financial Times: “The AI start-ups in the cohort took a median 11 months to hit $1mn in annualised revenue after their first sales on Stripe, compared with 15 months for the previous generation of SaaS companies, the data showed.” “AI start-ups that have scaled to more than $30mn in annualised revenue achieved the milestone in 20 months — five times faster than past SaaS companies.” “Goldman Sachs this month has raised concerns about the profitability of AI businesses given ‘the AI winners of today are no longer capital-light businesses’, referencing the significant costs required for computing infrastructure to run and train AI models.” Interesting data. Would love to see the full sample of AI companies though.. Join 28k+ thought leaders from VCs like a16z, Accel, Index, Sequoia, and more to get free data-driven insights like this via https://lnkd.in/dV62qJ5y

Writ has raised a $3.8M Seed Round Led By Gradient Ventures to Help Companies Better Use Data for Key Decisions! "For decades, data teams and the functions they support have shared a common mission without the tools to realize it. We're redefining how people work with data by using AI to eliminate manual work, uncertainty, and barriers to collaboration," said cofounder Adam Weinstein. Writ is focused on building out the product's core functionality alongside a set of industry-leading design partners and thought leaders. The company is currently providing access to key partners and intends to open a beta program later this year. "Data teams need to accelerate their communication and decision making to stay competitive. Classic dashboard and reporting tools simply don't offer what professionals need. We're rebuilding the experience from the ground up alongside domain experts, integrating bleeding edge ideas in design, collaboration, and AI," says cofounder Jason McGhee. Read the article from PR Newswire and stay updated on more #business updates in the #news section on colaeb.com