SAN FRANCISCO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Portkey, the unified control plane for production AI, today announced it has raised $15 million in Series A funding led by Elevation Capital, with participation from Lightspeed. Trusted by AI-forward enterprises including Postman, Snorkel AI, and more, Portkey is already processing more than 500B LLM tokens across 125M requests per day, and managing more than $500,000 in AI spend daily for more than 24,000 organizations globally. Portkey will use the Series A financing to expand its AI control plane and scale go-to-market operations.

AI is rapidly becoming core infrastructure for modern enterprises. As companies integrate AI into customer support systems, internal operations, and developer tooling, productivity increases emerge alongside two operational challenges. First, ensuring reliability at scale. Second, controlling unpredictable spending. Portkey is the unified AI control plane that solves both.

"Over the last twelve months, AI stopped being a demo and became a load-bearing system," said Rohit Agarwal, co-founder and CEO of Portkey. "The moment a company decides AI is mission-critical to their business, they begin to need an operational control plane ...