Corporate America's AI bill is ballooning. This startup raised $30 million to make sense of where the money is going.
Source: Business Insider ·
Larridin raised $30 million from Pelion Ventures, a16z, and others to help companies track their AI spending and measure returns.
From the source
Ameya Kanitkar, Russell Fradin, and Jim Larrison's startup just raised a $30 million Series A.LarridinAI has gone from being a small business expense to one of the priciest items on companies' ledgers.San Francisco startup Larridin raised $30 million to determine whether firms are getting their money's worth.Larridin's Series A comes in the wake of the tokenmaxxing era, as companies grow concerned about AI ROI.Companies went all in on AI this year, and are now reckoning with heavy bills. One startup wants to get under the hood and figure out which ones are worth it.Larridin, a San Francisco-based startup, just raised $30 million in Series A funding to give companies a clear picture of how the money they spent on AI is — or isn't — working for them.Jeff Kearl, a general partner at Pelion Ventures, which led the funding round, told Business Insider that AI has gone from being a small, even "nonexistent," expense for businesses to one of the top five to 10 most expensive items on their…
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