London, UK – Thursday 1 Feb 2024: Sentify, the platform that enables users to extract actionable insights from large language model (LLM) products, is pleased to announce the completion of an oversubscribed pre-seed funding round, raising just over 862k ($1.1 million). The round was led by Episode 1, with Adam Shuaib joining the board, and supported by 500 Emerging Europe, along with a select group of top-tier angel investors.

Sentify was founded through the collaborative vision of Alex Marantelos, formerly of Confluent, George Pastakas, previously with Revolut, and Dimi Ilias, ex-Meta. The trio, originally from Greece, embarked on their careers in London and have since transitioned from their successful roles at prominent tech firms. Their motivation lies in addressing a significant challenge and opportunity within the Generative AI field: unlocking actionable insights from the vast text data produced by LLM products and applications. The Sentify platform offers an interactive, real-time interface, transforming idle text data into valuable intelligence, revealing customer behaviours, user intents and action inference, product usage patterns, as well as spotting inefficiencies and inaccuracies in LLM products.

The investment will be used to accelerate product development, expand the team, and bring the product to the market,, supporting the company’s mission to enable businesses to harness the full potential of their LLM products. 

The Sentify engine stands out in the market due to its deep-tech Natural Language Processing (NLP) technology and user-friendly interface, intuitive and powerful semantic search capabilities, and data categorisation.

The importance of Sentify’s solution is underscored by the increasing demand for effective LLM/user monitoring and analytics. With McKinsey projecting the Generative AI economy to contribute $17.7 trillion in total economic value and BCG reporting that 85% of leaders plan to increase spend on AI and Gen AI, tools like Sentify are essential for businesses to maintain a competitive edge. Sentify’s current focus is on refining its platform through a private beta phase, with a public launch anticipated by the end of Q1. There is already significant interest, with over 40 organisations expressing interest to utilise the platform and 10 pilots successfully underway. 

Adam Shuaib of Episode 1 commented on the investment:

“Generative AI is poised to be a multi-trillion dollar industry, and Sentify’s unique approach to LLM analytics positions it as a standout solution for businesses looking to leverage the benefits of LLM to provide actionable data. We are pleased to be supporting them on this journey and look forward to their public launch in the coming months.”

Enis Hulli, Partner at 500 Emerging Europe commented:

”After venturing into numerous LLM-first investments, it became evident that a tool like Sentify was essential. Once we met the team, investing in them was an obvious choice. The combined skill set of Dimi, Alex, and George is so diverse that it encompasses almost every role and function within an organisation.”

Sentify’s CEO, Alex Marantelos, added,

“This is our first funding round, and an important step towards enabling the next generation of modern businesses to fully harness the capabilities of LLMs, innovate, and build great Gen AI products. We are committed to delivering a best-in-class product to our clients, unlocking valuable time and resources across their teams, enabling them to allocate their top talent and resources to what truly matters – developing outstanding products and experiences based on our insights to their customers. We are committed to continual innovation, with plans to augment our platform capabilities with prescriptive and predictive analytics, ensuring our customers get quicker and deeper insights on the platform over time.”

About Sentify

Sentify leverages deep-tech Natural Language Processing (NLP) to empower organisations in extracting actionable data from large language model (LLM) products. This unlocks powerful insights for enhancing customer experiences, product development, and business growth. The Sentify platform, with its interactive and real-time interface, transforms idle text data into valuable intelligence. It reveals customer behaviours, user intents, action inference, and product usage patterns while spotting inefficiencies and inaccuracies in LLM products.

For more information on Sentify or to join the waitlist for their upcoming public launch, please visit https://getsentify.ai/