VC Fund Investments
Nexus Ventures co-leads US-based DynamoFL's $15-M Series A round
San Francisco, CA (USA)-based privacy and compliance-focused generative Artificial Intelligence (AI) firm DynamoFL has closed a Series A funding round of USD 15.1 million co-led by Indo-US cross border VC firm Nexus Venture Partners and Canapi Ventures. Other participants in the funding round included Formus Capital, Soma Capital, and angel investors such as Vojtech Jina, Tolga Erbay, and Charu Jangid. The new funds will be used to expand DynamoFL's team of machine learning scientists and privacy experts. DynamoFL's flagship technology enables customers to train Large Language Models (LLMs) securely on sensitive internal data. The company had raised USD 4.2 million in a seed round last year.
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