# Llumo AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/llumo-ai

- Industry: Software
- Headquarters: Varanasi, India
- Website: www.llumo.ai
- Total disclosed funding: $1M
- Latest round: Seed (Aug 21, 2024)
- Investors on record: 5

## About

Founded in 2023 and based in Noida, India, Instaminutes Pvt Ltd, trading under the name, Llumo AI, provides solutions for reducing artificial intelligence performance costs. In August 2024, the firm raised USD 1 million in Seed funding led by investor SenseAI Ventures, with participation from other investors India Quotient, AUM Ventures, Venture Catalysts, and IIM Indore Alumni Angel Fund. Individual investors also participated in the round. The company was co-founded by Shivam Gupta (CEO), and Akshat Anand.

Llumo's primary product is its AI optimization platform, which offers compression of tokens and workflows to cut large language models (LLMs) costs. The platform has the features like chat memory management, real-time cost monitoring, etc. Llumo's solutions are designed to be plug-and-play, which can be integrated into the organization system.

Llumo generates revenue through its subscription-based model, offering various pricing tiers based on the scale and needs of its clients. It charges USD 99 per month for its Pro plan, and USD 199 per month for its Business plan. Additionally, it charges customized prices for the Enterprise plan.

The company plans to use the August 2024 funding for product innovation and development.

## Funding rounds

- Seed, Aug 21, 2024, $1M — India Quotient, Venture Catalysts, SenseAI Ventures, AUM Ventures, IIM Indore Alumni Angel Fund

## Investors

- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- SenseAI Ventures (https://capitalatlas.ai/funds/senseai-ventures) — Seed
- AUM Ventures (https://capitalatlas.ai/funds/aum-ventures) — Seed
- IIM Indore Alumni Angel Fund (https://capitalatlas.ai/funds/iim-indore-alumni-angel-fund) — Seed