DynamoFL, which offers software to bring large language models (LLMs) to enterprises and fine-tune those models on sensitive data, today announced that it raised $15.1 million in a Series A funding round co-led by Canapi Ventures and Nexus Venture Partners.
The tranche, with had participation from Formus Capital and Soma Capital, brings DynamoFL’s total raised to $19.3 million. Co-founder and CEO Vaikkunth Mugunthan says that the proceeds will be put toward expanding DynamoFL’s product offerings and growing its team of privacy researchers.
“Taken together, DynamoFL’s product offering allows enterprises to develop private and compliant LLM solutions without compromising on performance,” Mugunthan told TechCrunch in an email interview.
San Francisco-based DynamoFL was founded in 2021 by Mugunthan and Christian Lau, both graduates of MIT’s Department ...
