Preeti
Illumex Technologies Inc., a startup focusing on structured enterprise data, has secured a $13 million seed funding round led by Cardumen Capital, Samsung Ventures, and Amdocs Ventures, among others. The company aims to prepare data for Large Language Models (LLMs) through its Generative Semantic Fabric platform, which adds a semantic layer to unify data silos and provide context to structured data. This approach aims to address concerns about the accuracy and reliability of Generative AI (GenAI) by automating the discovery, mapping, and semantic enrichment of structured enterprise data.
The platform, founded in 2021 by Inna Tokarev Sela, integrates GenAI, graph databases, and relational databases to create a “Generative Semantic Fabric” that aligns data with business meaning and domain-specific context. Illumex’s technology also analyzes metadata without accessing sensitive information to create a semantic knowledge graph, serving as a single source of truth for consistent business terminology and context.
Partnered with tech giants like Microsoft, AWS, and Google Cloud, Illumex offers integration with enterprise communication tools and aims to help enterprises derive more value from their structured data while adhering to strict data governance and security requirements. The funding will support the company in empowering organizations to trust the results of their AI initiatives and democratizing AI for better decision-making.
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Source link: https://www.datanami.com/2024/07/01/illumex-secures-13m-to-advance-genai-capabilities-for-structured-data/
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