LlamaIndex, a San Francisco-based agent development platform specializing in automating knowledge work over unstructured enterprise data, has secured $19 million in a Series A funding round. Led by Norwest Venture Partners, with participation from existing investor Greylock, this investment brings LlamaIndex’s total funding to $27.5 million.
The company plans to utilize the new capital to expand its team and accelerate the development of its core generative AI agent development platform. This strategic move aims to address the growing demand from over 10,000 organizations, including 90 Fortune 500 companies, currently on the company’s waitlist.
“One of the most valuable use cases for large language model (LLM) agents is automating all knowledge work over unstructured data. We made it our mission to deliver the most secure, accurate, and easy-to-use platform for building end-to-end knowledge agents. Norwest’s and Greylock’s support in our Series A will allow us to continue growing and improving the technology.”
– Jerry Liu, CEO & Co-founder of LlamaIndex:
Dave Zilberman, general partner at Norwest Venture Partners, highlighted LlamaIndex’s potential to empower enterprises by addressing critical pain points, from production accuracy issues to scaling complex data workflows.
“LlamaIndex is compelling for Norwest as we’ve been closely studying enterprise AI adoption. The team has built powerful enterprise-enabling capabilities, solving critical pain points like production accuracy and scaling complex data workflows. With customers already lined up, LlamaIndex has the potential to empower the agentic enterprise.”
– Dave Zilberman
Since its founding in 2023, LlamaIndex has experienced significant growth, with over 3 million monthly downloads across multiple open-source packages, more than 38,000 stars on GitHub, and a LinkedIn following exceeding 230,000. The company has also collaborated on three courses with Andrew Ng, CEO and founder of DeepLearning.AI. Notable clients such as Rakuten, Carlyle, and Salesforce have adopted LlamaIndex’s platform, underscoring its impact on the AI development landscape.
