LLMOps startup Portkey has raised 15 million dollars in a Series A funding round led by Elevation Capital, marking a significant milestone for the fast growing AI infrastructure company. The round also saw participation from Lightspeed, reinforcing investor confidence in the rising demand for enterprise grade tools that manage large language models in production environments.
Founded to simplify and strengthen the operational layer around AI systems, Portkey positions itself as a unified control plane that sits between enterprise applications and large language models. As businesses increasingly deploy generative AI tools across customer support, automation, analytics, and internal workflows, managing reliability, cost, compliance, and performance has become a pressing challenge. Portkey aims to solve this by offering governance, observability, and cost monitoring capabilities that help organizations scale AI responsibly.
The fresh capital will be used to expand product capabilities, strengthen support for agent driven systems, and accelerate global go to market efforts. With enterprises experimenting with multiple models and vendors, the need for a centralized layer that can manage permissions, track usage, optimize spending, and ensure uptime is becoming critical. Portkey’s infrastructure approach reflects a broader shift in the AI ecosystem where operational tooling is emerging as a major opportunity alongside model development itself.
The startup has reported strong early traction, processing billions of tokens daily and supporting a growing base of organizations that rely on AI for mission critical workloads. By making parts of its enterprise gateway more accessible, the company is also aiming to encourage earlier adoption of structured AI governance practices.
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