elvex
Enterprise AI management platform for secure model integration.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $6.4m | Seed | |
| Total Funding | 000k | ||
![m]x[v Capital](https://storage.googleapis.com/dealroom-images-production/19/NzQ6NzQ6Y29tcGFueUBzMy1ldS13ZXN0LTEuYW1hem9uYXdzLmNvbS9kZWFscm9vbS1pbWFnZXMvMjAyNS8wOC8yMy85MmEyMzcwYjQxZTM0MzhkZTZjNDM4N2Y5YzlmNzg4Yg==.png){kind=small}
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Elvex offers an enterprise AI enablement platform designed to help companies securely adopt and manage generative AI technologies. The company provides a centralized, model-agnostic platform that allows businesses to integrate and switch between major AI models from providers like OpenAI, Google, and Anthropic without being locked into a single vendor. This middleware layer focuses on security, governance, and ease of use, enabling employees without technical backgrounds to build and use custom AI workflows.
The company was founded in 2023 by Sachin Kamdar (CEO), Mike Sukmanowsky, and John Levitt. This team previously founded Parse.ly, a content analytics platform that was acquired by Automattic in 2021. They are applying their experience from Parse.ly in making complex data accessible to a wider audience to the AI space, aiming to democratize AI use within enterprises. In November 2024, Elvex announced a $6.4 million seed funding round led by MXV and FCVC to expand its product, engineering, and go-to-market teams.
Elvex's platform addresses key enterprise concerns such as data security, compliance, and tool sprawl by providing centralized controls, access management, audit logs, and data privacy features. Key product features include a no-code workflow builder, the ability to connect internal corporate data to enrich AI responses, and tools like web scraping and document drafting with citations to ensure transparency. The business model is usage-based rather than per-user seat licensing, which is intended to encourage widespread adoption and align costs with the value provided. The platform serves a range of clients, including The Boston Globe, Movable Ink, and Automattic.
Keywords: AI management platform, generative AI, enterprise AI, no-code AI, model-agnostic, AI security, AI governance, large language models, AI adoption, AI middleware, custom AI workflows, Sachin Kamdar, Mike Sukmanowsky, John Levitt, Parse.ly founders, AI for business, enterprise software, AI data privacy, usage-based AI pricing, AI interoperability