capital · May 21, 2026
Portkey Raises $15 Million Series A Led by Elevation Capital
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Portkey raised $15 million in Series A funding on February 19, 2026 led by Elevation Capital with participation from Lightspeed. Portkey processes over 500 billion tokens daily, handles 120 million daily requests and manages over $500,000 in daily AI spend across 24,000 plus organizations. Rohit Agarwal, Co-founder and CEO of Portkey, stated the raise scales infrastructure for reliable accountable AI production amid shifts from model performance to governance and budget visibility. The funding supports go-to-market expansion for large enterprises, agentic AI governance features and platform scaling for higher volume workloads. Portkey previously raised a $3 million seed round focused on bringing LLMs to production.