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The artificial intelligence infrastructure sector has witnessed yet another significant milestone as Portkey, a Language Model Operations (LLMOps) startup, has successfully closed a $15 million Series A funding round. The investment was spearheaded by Elevation Capital, with continued participation from Lightspeed, which had previously anchored the company’s $3 million seed round back in August 2023. This latest capital infusion signals growing investor confidence in the rapidly expanding market for enterprise grade AI governance and management tools.
Building the Control Layer for Enterprise AI
Founded by Rohit Agarwal, Portkey has carved out a distinctive position in the AI infrastructure landscape by developing an intelligent gateway that intercepts and manages live AI traffic within enterprise environments. Rather than functioning as a peripheral monitoring tool, the platform embeds itself directly into an organisation’s AI workflows, offering real time visibility into performance metrics, cost expenditure, and compliance adherence. As businesses across industries accelerate their adoption of large language models (LLMs) for mission critical operations, the need for a reliable, centralised control plane has never been more pressing.
Portkey’s platform currently processes over 500 billion LLM tokens, handling approximately 125 million daily requests across more than 24,000 organisations worldwide. The company also oversees in excess of $500,000 in daily AI spending for its clients, which include prominent names such as Postman and Snorkel AI. These figures not only reflect the platform’s technical scalability but also underscore the trust enterprises have placed in Portkey to govern their most sensitive AI operations.
Strategic Deployment of Capital
The freshly secured funds will be channelled toward two primary objectives: expanding Portkey’s core AI management platform and scaling its sales and marketing operations to reach a broader enterprise audience. In a strategic move aimed at accelerating adoption, the company has opted to make its flagship enterprise gateway available at no cost, thereby enabling organisations to integrate governance and monitoring capabilities from the earliest stages of their AI deployment journey.
Looking Ahead
As generative AI transitions from experimental pilots to core business infrastructure, the demand for robust oversight mechanisms will only intensify. Portkey’s proposition providing enterprises with accountability, reliability, and cost governance at scale positions it well to become an indispensable layer in the modern AI technology stack. With strong institutional backing and compelling traction, the company appears well equipped to lead the next phase of responsible enterprise AI adoption.
