Larridin, a San Francisco company that sells software for measuring what businesses get from their AI spending, raised a $30m Series A round, it announced on 2 November 2026. Pelion Ventures led the round.
Existing investors Andreessen Horowitz (a16z) and Gradient Ventures took part again. New investors were GFT, W23, Thayer, DG Daiwa Ventures, Alumni Ventures and Cougar Capital. The round brings Larridin's total funding to $47m, which Silicon Report said includes an earlier $17m seed round. No valuation was disclosed.
“Enterprise AI has moved quickly from innovation budget to financial accountability”Russ Fradin, CEO, Larridin
What Larridin does
Larridin describes itself as an AI value measurement platform. It connects to a company's systems to track the cost, productivity and impact of AI across both its human employees and its AI agents. According to Silicon Report, it evaluates how employees interact with AI models, estimates time saved and identifies friction in workflows, and it does not store the contents of prompts. The SaaS News, which also covered the round, filed Larridin under enterprise AI and repeated the same description of tracking AI cost, productivity and impact.
The company was founded in 2024. Silicon Report named Russ Fradin, the chief executive, and Jim Larrison as its founders, both former executives at the analytics firm Comscore, and Ameya Kanitkar as chief technology officer.
In its announcement, Larridin said it has measured more than 2 billion AI sessions and tracked more than 82,000 workflows end to end. It reported a 47% average increase in measurable team output across customers and a median of $2.4m in AI spend optimised within a customer's first year. These are company-reported figures. Named customers include SurveyMonkey, Vertiv, Klaviyo, Gainsight, Globality, TigerConnect, EcoVadis and Sundt.
Growth and hiring
Silicon Report said Larridin grew from one enterprise customer in December to 50 organisations. The company has about 20 employees and plans to double that, with hires in sales, engineering and marketing. The same outlet attributed the hiring plan to Fradin, citing Business Insider's earlier report on the round.
The company's own release says the new capital will go toward accelerating product development and expanding its teams to build out the platform's capabilities. It gave no further split of the funds. The press release did not name the founders or give a headcount, so the figures in this article on both come from Silicon Report.
What the investors and founder said
Fradin said in the release that "Enterprise AI has moved quickly from innovation budget to financial accountability". The pitch is that companies that have spent heavily on AI tools now want evidence of what those tools return.
Jeff Kearl, a general partner at Pelion Ventures, said Larridin fills a gap for enterprise leaders by delivering real transparency into AI. Alex Rampell, a general partner at a16z, said Larridin has defined the standard for enterprise AI measurement.
Rampell's firm and Gradient Ventures backed the seed round, according to the company. Beyond the $17m figure reported by Silicon Report, the sources did not give the seed round's date or lead investor.
Company website: larridin.com