Irish artificial intelligence company Inspeq AI has raised $1.1 million in funding as it focuses on its goal of helping global companies develop safe, secure and responsible generative AI applications.
Inspeq’s founders Apoorva Kumar and Ramanujam Macharla Vijayakumar have significant experience in the AI sector, working with companies such as Microsoft, Meta, Amazon and LinkedIn before striking out on their own. The round, which was led by Sure Valley Ventures , is the first investment by SVV’s AI-focused Irish Investment Fund. It also saw participation from Delta Partners, Founders @Dogpatch Labs, venture capital investor Plug and Play and a number of angel investors.
The money will be used to bolster Inspeq’s research and development team, with plans to hire for a number of roles across applied AI, data science and full-stack development, growing operations in Ireland, London and India.