LlamaIndex, a data framework designed for large language models (LLMs), has announced that it has successfully raised £8.5m in a seed funding round.
This substantial investment was led by Greylock with additional participation from various angel investors.
LlamaIndex operates at the cutting edge of artificial intelligence, offering innovative solutions for LLMs. Despite the myriad potential uses for LLMs, their functionality is often constrained by the data on which they are trained. LlamaIndex was founded to address these limitations and facilitate the effective use of personal or enterprise data, be it from documents such as PDFs and Powerpoints, or databases such as Postgres and MongoDB.
The new funding will be channelled into developing an enterprise offering built upon LlamaIndex’s well-regarded open-source project. This popular initiative has seen widespread adoption among the AI community, earning plaudits from hackers, developers, and established companies alike.
Jerry Liu, CEO & Co-founder of LlamaIndex, explained the motivation behind the project, “Many users building applications on top of LLMs want to unlock new use cases with their own private data. To solve for this, I created an open-source project called LlamaIndex to help unlock the full capabilities and use cases of any LLM for both myself and other developers.”
In just six months, the open-source project has attracted considerable attention, boasting 15K Github Stars, 19K Twitter followers, 200K Monthly downloads, and 6K Discord users. Major companies such as Uber, Instabase, and Front have already employed LlamaIndex to prototype LLM-powered features over their data.
The company plans to launch its enterprise solution later this year, with the goal of addressing the technical and security challenges inherent in data usage. The new solution will provide scalable and reliable data source connectors as well as security features like access control and user management.
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