OpenPipe raises $6.7M in a seed round led by Costanoa Ventures to reduce costs for LLM models.
Mar 26, 2024•over 1 year ago
Amount Raised
$6.7 Million
Round Type
seed
Investors
Tom Preston WernerAlex GraveleyLogan KilpatrickY CombinatorCostanoa Ventures
Description
OpenPipe, a Seattle startup, announced a $6.7 million seed round led by Costanoa Ventures, with participation from Y Combinator and individual backers such as Logan Kilpatrick, Alex Graveley, and Tom Preston-Werner. The funding will support OpenPipe's efforts to help companies reduce costs for large language models and expand its platform for tailored LLM models.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers