AI app evaluation platform Maxim AI raises $3 million

Maxim AI, which helps developers evaluate and monitor their artificial intelligence applications, has raised $3 million in a funding round led by Elevation Capital.

The round also saw participation from angel investors including founders of Postman, Chargebee, Groww, Razorpay and Media.net.

The proceeds will be used to expand the team and scale operations to partner with more enterprises developing AI products, the startup said.


“We are committed to expanding these platform capabilities that we have built, including more proprietary domain-specific evaluations, for both quality and security, as well as our data engine to accelerate this reliable and scalable deployment of AI,” cofounder Vaibhavi Gangwar told ET.

Founded in 2023 by Gangwar and Akshay Deo, this developer-focused platform helps in the evaluation of AI applications throughout the development lifecycle, including engineering, pre- and post-release testing, as well as data management and fine-tuning.

The San Francisco-based company serves clients in sectors such as software-as-a-service (SaaS), banking, financial services and insurance (BFSI), healthcare, and edtech.

“We have been able to attract dozens of leading AI companies both in India and the US and we are mostly focused on mid-market and enterprise clients in these geographies. We are also making our platform generally available,” Gangwar said.

In fiscal year 2025, the company is focusing heavily on its go-to-market strategy and expanding its platform, which encompasses proprietary evaluators and a data engine.

Commenting on the investment, Akarsh Shrivastava, principal, Elevation Capital, said: “Maxim AI is addressing a crucial need in the evolving AI landscape. Their focus on creating a standardised, scalable evaluation infrastructure addresses a deep pain point for AI developers. As the complexity and diversity of AI use cases continue to rise, Maxim's platform will play a critical role in ensuring trustworthy and reliable AI systems.”

On May 22, ET reported that San Francisco-based UnifyApps, an artificial intelligence startup focused on enterprise integration, raised $11 million in a funding round led by Elevation Capital.