Alltius secures $2.4M in pre-seed funding to develop GenAI assistants for enterprises

Alltius, a generative AI company based in Los Angeles, announced that it concluded its $2.4 million pre-seed funding round in January 2023. The funds raised will drive the company's mission to bring Large Language Models (LLMs) to enterprises, with a strong emphasis on accuracy, security, and data protection.

This round was led by 100X Entrepreneur, Blume Ventures, and Stellaris Venture Partners, and saw participation from Z5 Capital, GEMBA Capital, Veda VC, PeerCheque, Eximius Ventures, TiE SoCal, Wharton Angels, Bharat Founders Fund, and a remarkable group of angel investors, including Ashish Gupta, Amit Gupta, Binny Bansal, Deepak Garg, Gaurav Kumar, Rahul Kumar, Kartik Hosanagar, Serguei Netessine and executives from Google, Twitter, Cohesity, Deutsche Bank, Goldman Sachs among others.

Founded in March 2022, Alltius aims to cater to customer-facing use cases by developing a GenAI Assistant “KNO” capable of multiple skills and trainable on diverse data sources, enabling enterprises to achieve specific objectives within minutes, without requiring any coding expertise. KNO is generally available since May 1, 2023.

The funding secured in this pre-seed round will be instrumental in advancing Alltius' research and development efforts, expanding the engineering team, and enhancing the capabilities of the GenAI Assistant. Additionally, it will fuel the company's market expansion and foster strategic partnerships with leading enterprises.