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Our platform lets enterprises build AI apps at light speed without any technical background1-10 Employees
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Our platform lets enterprises build AI apps at light speed without any technical background
The founders created Parse.ly, a content analytics platform, that scaled to tens of millions in revenue, hundreds of enterprise customers (Amazon, NFL, Goldman Sachs, NBC, Bloomberg, etc.), and was acquired as the largest acquisition by Automattic in 2021. We did this while only raising $12M over the 10+ years of running the company, and were profitable, with high growth, when we were acquired. Parse.ly was founded as a distributed company back in 2009 and we carry a very successful playbook in making that work at scale.

Sachin, John and Mike decided to get the team back together again at the end of 2022 when we saw the potential of LLMs. However, through our experience of working with enterprise companies, we knew how hard it would be to accelerate this technology at large organizations. There are two main issues: risk and ROI. To mitigate risk you need to build a suite of features that make larger companies feel comfortable adopting new technology. And to showcase ROI you need to sit as close as possible to where the problems exist. Out of this need, elvex was born.

We make generative AI accessible, useful and secure for large businesses. We’re building a platform to empower anyone to build their own bespoke AI apps. Our approach leverages custom data, multiple models, and AI abstraction to let teams create dynamic apps in minutes. In the future elvex will power >50% of all AI apps inside a company.
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Sachin Kamdar
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Valuation

$0

Funded over

1 round

Latest round

Sep 2023

Healthcare

401k

Equity

Unlimited vacation

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