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German AI startup Deepset raises $30m from Balderton to expand LLMs

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Deepset, an AI startup that helps companies build apps with LLMs, just raised $30 million with this 12-slide pitch deck

London-based investor Balderton Capital led the round into the five-year-old company.German AI startup Deepset has raised $30 million in a round led by Revolut investor Balderton Capital.

Deepset's capital raise comes as AI startups account for a higher proportion of venture capital dealmaking. AI startups raised $25 billion in the opening half of the year against a backdrop of falling VC investment,"We definitely had a lot of tailwinds from the increased interest in AI," Deepset CEO Milos Rusic told Insider.

 

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