Langdock, a Berlin, Germany-based provider of a platform empowering companies to leverage large language models (LLMs) while staying in control of their data, raised $3M in Seed funding.
The round was led by General Catalyst alongside La Famiglia, with participation from Y Combinator, Rolf Schrömgens (Trivago), Hanno Renner (Personio), Johannes Reck (GetYourGuide), and Erik Muttersbach (Forto), along with over 25 other angel investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Lennard Schmidt, Langdock provides a platform that offers enterprise-grade security, cloud and on-premises solutions, and a chat interface – allowing colleagues to access LLMs across departments. More than 40 companies are working with it, including German science and tech company Merck and tech companies like GetYourGuide, HeyJobs, and Forto.
Commenting on the news, Lennard Schmidt said: “There is an urgent need for European businesses to embrace LLMs because they are seeing a sharp fall in the working-age population. In Germany alone, we are seeing the projected loss of seven million workforce participants. This staggering figure brings into stark focus the critical need for smarter, more efficient processes within companies and the need to enable employees to increase their productivity.“
FinSMEs
19/04/2024