Portkey Raises $15M Series A to Scale the Unified Control Plane for Production AI.

Portkey has secured $15 million in Series A funding led by Elevation Capital, with participation from Lightspeed, to enhance its AI infrastructure solutions, which are crucial for enterprises as they increasingly rely on AI for critical functions. This investment underscores a significant industry shift from AI experimentation to dependency, addressing fundamental challenges like API failures, cost management, and operational governance. Portkey provides a unified control plane that offers real-time governance, observability, reliability, and cost management for production AI, ensuring enterprises can manage AI traffic efficiently. With proven reliability in live operational environments, Portkey supports a vast array of models and providers, serving over 24,000 organizations and handling substantial daily traffic and financial transactions. The new funding will expand Portkey's market reach, enhance its governance capabilities for autonomous AI agents, and develop scalable infrastructure to meet the increasing demand from industries such as finance, pharma, and technology. As AI adoption grows, Portkey aims to deliver robust controls and observability to support enterprises in navigating the dynamic landscape of AI technology.