Portkey raises Series A funding led by Elevation Capital

AI infrastructure company Portkey has secured $15 million in its Series A funding round led by Elevation Capital.

Existing investor Lightspeed India participated in the funding round, the startup said on its blog.

Portkey will use the funds to launch go-to-market initiatives, build the governance layer for agentic AI, and develop platform infrastructure for scale.

The US-based company was founded in 2023 by Rohit Agarwal and Ayush Garg. The AI gateway, guardrails, and governance company processes more than 14 billion LLM tokens every day.

The startup provides a unified control place for production AI. It boasts of Fortune 500 enterprises across finance, pharmaceuticals, and technology as customers.  

In 2023, it had raised $3 million in seed funding in a round led by Lightspeed India, with participation from angel investors.