The round was led by Norwest Venture Partners with participation from existing investor Greylock. This round brings the total funding raised to $27.5 million. The company will use the new funding to expand its team and accelerate the development of its core generative AI (GenAI) agent development platform. It also will extend its proven solutions to a waitlist of more than 10,000 organizations, including 90 Fortune 500 companies, that are eager to start using LlamaIndex.

LlamaIndex enables enterprises to build reliable, secure and scalable AI agents that can find information, synthesize insights, generate reports, and take actions over the most complex enterprise data. From its initial open-source project to tools for building custom agents over data, LlamaIndex now offers developers both commercial APIs that enable users to get better data and output quality and the new LlamaCloud knowledge management platform.