Sentify, a platform enabling users to extract actionable insights from large language model (LLM) products, announced today that it has raised over $1.1 million in an oversubscribed Pre-Seed funding round.
Sentify was founded through the collaborative vision of Alex Marantelos, formerly of Confluent, George Pastakas, previously with Revolut, and Dimi Ilias, ex-Meta.
The trio, originally from Greece, embarked on their careers in London and have since transitioned from their successful roles at prominent tech firms.
Their motivation lies in addressing a significant challenge and opportunity within the Generative AI field: unlocking actionable insights from the vast text data produced by LLM products and applications.
The Sentify platform offers an interactive, real-time interface, transforming idle text data into valuable intelligence, revealing customer behaviours, user intents and action inference, product usage patterns, as well as spotting inefficiencies and inaccuracies in LLM products.
Sentify's current focus is on refining its platform through a private beta phase, with a public launch anticipated by the end of Q1. There is already significant interest, with over 40 organisations expressing interest to utilise the platform and 10 pilots successfully underway.
Adam Shuaib of Episode 1 commented on the investment:
"Generative AI is poised to be a multi-trillion dollar industry. Sentify's unique approach to LLM analytics positions it as a standout solution for businesses looking to leverage the benefits of LLM to provide actionable data.
We are pleased to be supporting them on this journey and look forward to their public launch in the coming months."
Enis Hulli, Partner at 500 Emerging Europe, commented:
"After venturing into numerous LLM-first investments, it became evident that a tool like Sentify was essential.
Once we met the team, investing in them was an obvious choice. The combined skill set of Dimi, Alex, and George is so diverse that it encompasses almost every role and function within an organisation."
You can meet Enis Hulli at this year's Tech.eu Summit in London.
Sentify CEO, Alex Marantelos, added:
"This funding is not just a financial milestone but an important step towards enabling the next generation of modern businesses to fully harness the capabilities of LLMs, innovate, and build great Gen AI products.
We are committed to delivering a best-in-class product to our clients, unlocking valuable time and resources across their teams, enabling them to allocate their top talent and resources to what truly matters – developing outstanding products and experiences based on our insights to their customers.
We are committed to continual innovation, with plans to augment our platform capabilities with prescriptive and predictive analytics, ensuring our customers get quicker and deeper insights on the platform over time."
The investment will help accelerate product development, expand hiring, and improve the customer acquisition process, supporting the company's mission to enable businesses to harness the full potential of their LLM products.
Lead image: Sentify. Photo: uncredited.