The Next WebCristian Dina
Larridin raises $30M to show companies what their AI spending buys
Larridin, a San Francisco startup that measures what companies get back from AI, has raised $30 million. Pelion Ventures led the Series A round, the company said in a statement on Monday.
Andreessen Horowitz and Gradient Ventures, which backed Larridin’s $17 million seed round, invested again. GFT, W23, Thayer, DG Daiwa Ventures, Alumni Ventures and Cougar Capital joined as new investors.
Larridin has now raised $47 million in total.
Larridin went from one enterprise customer last December to 50 now, chief executive Russ Fradin told Business Insider ’s Aditi Bharade. He said business picked up in the second quarter, when more companies began to worry about AI costs. He plans to double the 20-person team.
Larridin’s software links a company’s AI tools, usage and bills to the work…
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