Larridin raises $30 million to measure enterprise AI returns
Larridin raised $30 million in Series A funding, according to SiliconANGLE. The round was led by Pelion Ventures, with participation from existing investors Andreessen Horowitz (a16z) and Gradient Ventures, plus GFT, W23, Thayer, DG Daiwa Ventures, Cougar Capital and Alumni Ventures.
The round brings Larridin's total funding to $47 million. Its platform combines data on AI tool use, employee productivity and spending to measure the cost and output of AI tools and autonomous agents across business workflows.
At another customer, 92% of engineers counted as active AI users, but a single engineer accounted for 65% of the AI budget. Larridin said one customer found a 66-fold difference in cost per shipped code change between two AI coding tools used for similar work. Its customers include SurveyMonkey, Vertiv, Klaviyo and Gainsight, and the company plans to expand its go-to-market and engineering teams.
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