DynamoFL raises $15.1m to help enterprises adopt ‘compliant’ LLMs
https://techcrunch.com/2023/08/16/dynamofl-raises-15-1m-to-help-enterprises-adopt-compliant-llms/
DynamoFL, which offers software to bring large language models (LLMs) to enterprises and fine-tune those models on sensitive data, today announced that it raised $15.1 million in a Series A funding round co-led by Canapi Ventures and Nexus Venture Partners.
The tranche, with had participation from Formus Capital and Soma Capital, brings DynamoFL’s total raised to $19.3 million. Co-founder and CEO Vaikkunth Mugunthan says that the proceeds will be put toward expanding DynamoFL’s product offerings and growing its team of privacy researchers.