What does Traceloop do?
Traceloop develops monitoring solutions for large language model applications in production, ensuring performance prediction and error prevention. The company is also behind OpenLLMetry, an industry-leading open source technology that supports critical AI systems at an enterprise scale.
How much did they raise?
The company closed a $6.1M Seed funding round, led by Sorenson Capital and Ibex Investors, with participation from Y-Combinator, Samsung NEXT, and Grand Ventures.
What are their plans for the money?
Traceloop plans to use the funds to accelerate its product development and expand its go-to-market strategy, potentially transforming how generative AI applications are monitored in real-world conditions.
What have they achieved so far?
Traceloop has already made significant progress with OpenLLMetry, which is used by IBM alongside its Instana platform to monitor the performance of large language models on services like Amazon Bedrock and IBM watsonx.ai.
