Larridin raised US$30 million in Series A funding. Pelion Ventures led the round. The company builds a platform that measures AI cost, output, and automation opportunities for enterprises.
Investor backing
Existing investors Andreessen Horowitz and Gradient Ventures joined the round. New investors included GFT, W23, Thayer, DG Daiwa Ventures, Alumni Ventures, and Cougar Capital. The financing brings Larridin's total funding to US$47 million.
Company traction
The company was founded in 2024 in South San Francisco. It has measured more than 2 billion AI sessions and 82,000 workflows. Customers include SurveyMonkey, Vertiv, Klaviyo, Gainsight, and others.
How the platform works
The platform links AI usage, productivity, and spend data to work by people and agents. Companies use it to identify value, direct investment, and automate workflows. Customers optimized a median US$2.4 million in AI spend within the first year.
Larridin plans to accelerate product development and expand its teams with the new funding. It also introduced a quarterly Engineering AI Impact Report. The report found AI-assisted pull requests rose from 35% in April to 62% in September.