Log10 Secures $7.2 Million to Advance Accuracy of LLM-Powered Applications

Log10 Co-founders Niklas Nielsen and Arjun Bansal in San Francisco ● Photo Credit: Log10

SAN FRANCISCO, April 24, 2024 (VSNewsNetwork.com) - Log10, a developer of technology for enhancing the accuracy of large language model (LLM)-powered applications, has announced a $7.2 million seed funding round. The funding was led by TQ Ventures and Quiet Capital, with participation from Essence Venture Capital.

Arjun Bansal, co-founder and CEO of Log10, discussed the significance of this financial backing. “We are grateful for the confidence our investors and early customers have placed in our company, our team, and our developer-centered platform that integrates seamlessly with LLM-powered applications,” said Bansal. “With this new funding, we will support continued enhancement of the technology and scale operations allowing us to help even more developers to more quickly create reliable and accurate AI applications that result in positive customer experiences.”

The company's platform leverages AI and synthetic data to mimic human review processes, aiming to improve the accuracy rates of LLM applications while reducing the need for costly and time-consuming manual reviews. This approach has already seen adoption by enterprises in financial services, aerospace, and energy sectors.

Niklas Nielsen, co-founder and CTO of Log10, explained their core mission. “Arjun and I founded Log10 about a year ago with a simple mission: to significantly improve LLM application accuracy to power the best customer experiences,” Nielsen stated. “Our AutoFeedback solution scales human review of LLM outputs to monitor quality, alert users regarding issues, and curate high-quality datasets for fine-tuning. With the backing of our investors with deep AI, devtools and infra experience, I am very excited about what the future holds for our company and the innovative AI companies we work with.”

Schuster Tanger, Co-Managing Partner at TQ Ventures, expressed enthusiasm about the potential impact of their investment. “We are excited to co-lead Log10’s seed investment round as the Company continues to expand its capabilities to increase reliable outputs from large language models,” Tanger noted. “The Log10 management team is highly capable and experienced. We look forward to helping them accelerate the Company’s growth and are thrilled to have found such an exciting opportunity in the AI space.”

David Greenbaum, Partner at Quiet Capital, highlighted the broader industry challenges that Log10 addresses. “Over the past couple of years, both enterprises and startups have rushed to implement generative AI and struggled to find tools to do so quickly, reliably and in a manner that can be scaled,” said Greenbaum. “Log10 helps solve that problem by improving LLM accuracy, providing feedback tools, and helping startups and larger companies create best-in-class AI-driven customer experiences. We're proud to back Arjun and Nik, who are both experienced AI leaders focused on building solutions that ensure the reliable and productive use of AI.”

Didier Rodrigues Lopes, CEO of OpenBB and one of Log10’s early customers, attested to the platform’s efficacy. “Log10 has been critical in enabling us to quickly react to our customer feedback and improve our product. With Log10, we can feel confident when we ship a new version of our finance AI copilot,” Lopes commented.

For more information, visit www.log10.io.

Source: Log10 via Newswire