India, Feb. 20 -- GenAI startup Portkey has raised $15 Mn (nearly Rs.136.6 Cr) in its Series A funding round led by Elevation Capital. The round also saw participation from existing backer Lightspeed.

In a statement, the SaaS startup said that it plans to utilise the funding to expand its product suite and scale go-to-market operations.

Founded in 2023 by Ayush Garg and Rohit Agarwal, Portkey operates an LLMOps platform that provides a unified API gateway to over 1,600+ AI models. This enables enterprise teams to route requests to various LLMs, provide automatic fallbacks, balance load and prevent downtime.

Simply put, it helps enterprises manage model usage, enforce policies and track spending in real time. It also offers features suc...