DynamoFL, a privacy-preserving AI platform for generating large language models (LLMs), has raised $15.1 million in a Series A round co-led by Nexus Venture Partners and Canapi Ventures. The round also saw participation from Formus Capital, Soma Capital, and angel investors Vojtech Jina, Tolga Erbay, and Charu Jangid.

DynamoFL’s platform allows companies to train and deploy LLMs without compromising their data privacy. The platform uses a combination of federated learning and differential privacy to ensure that data remains confidential even when it is shared across multiple organizations.

The funding will be used to accelerate DynamoFL’s growth and to expand its team. The company plans to use the funds to develop new platform features and expand its reach to new markets.

“We are excited to partner with Nexus Venture Partners and Canapi Ventures to accelerate the growth of DynamoFL,” said Vaikunth Mugunthan, CEO and co-founder of DynamoFL. “Their deep experience in the AI and venture capital industries will be invaluable as we continue to develop our platform and expand our reach.”

“DynamoFL is solving a critical problem in the AI industry,” said Nikhil Barlam, Partner at Nexus Venture Partners. “Their platform has the potential to revolutionize the way that companies develop and deploy LLMs, and we are excited to support their growth.”

“DynamoFL is a game-changer for the privacy-preserving AI space,” said Karthik Natarajan, Partner at Canapi Ventures. “Their platform is the most advanced in the market, and we believe that they have the potential to be a major player in this rapidly growing market.”

DynamoFL is well-positioned to capitalize on the growing demand for privacy-preserving AI. The company’s platform is the most advanced in the market, and it has the potential to be a significant player in this rapidly growing market. With the support of Nexus Venture Partners and Canapi Ventures, DynamoFL is well-positioned to accelerate its growth and become a leader in the privacy-preserving AI space.

Here are some of the key takeaways from the DynamoFL funding round:

  • The round was co-led by Nexus Venture Partners and Canapi Ventures, two leading venture capital firms with a strong track record in the AI space.
  • The round also saw participation from Formus Capital, Soma Capital, and angel investors Vojtech Jina, Tolga Erbay, and Charu Jangid.
  • The funding will be used to accelerate DynamoFL’s growth and to expand its team.
  • The company plans to use the funds to develop new platform features and expand its reach to new markets.