KPMG LLP Makes Minority Equity Investment in LlamaIndex

SAN FRANCISCO - May 1, 2025 - LlamaIndex, a leading provider of data infrastructure for LLM applications, today announced minority equity investments from the data and AI company Databricks and the tax, audit and advisory firm KPMG LLP. These investments will accelerate the development and adoption of LlamaIndex's innovative LlamaCloud and LlamaParse services, which have emerged as critical tools for enterprises implementing production-grade AI solutions.

LlamaIndex's suite of services enables organizations to efficiently connect their proprietary data to large language models (LLMs), solving one of the most significant challenges in enterprise AI adoption. The company's flagship offerings include LlamaParse, which provides state-of-the-art parsing for complex documents with embedded tables and figures, and LlamaCloud, a managed ingestion and retrieval service that dramatically simplifies RAG (Retrieval Augmented Generation) implementations.

"Databricks and LlamaIndex share a common vision of democratizing access to AI by making it easier for organizations to harness the power of their data," said Patrick Wendell, Co-Founder & VP Engineering at Databricks. "LlamaIndex's technology addresses a critical need in the enterprise AI stack, enabling companies to quickly build production-ready AI applications that leverage their proprietary data. This investment aligns perfectly with our mission to help customers drive innovation through data intelligence."

"As we continue to innovate and push boundaries in applied AI, a robust data foundation is essential for building effective AI systems, particularly sophisticated knowledge assistants and agentic solutions,” said Swami Chandrasekaran, Principal and AI & Data Labs Leader at KPMG. "LlamaCloud and LlamaIndex provide the frameworks necessary to access, curate, and ingest data at-scale, enabling KPMG to develop differentiated, industry-specific solutions that deliver measurable business outcomes for our clients."

The investment from Databricks comes through its Databricks Ventures' AI Fund, which was established to support innovative startups utilizing or enabling AI in conjunction with the Databricks Data Intelligence Platform. This move follows Databricks' recent investments in other AI-focused companies including Mistral AI, Perplexity, and Cleanlab. KPMG’s investment is spearheaded by KPMG Ventures, which is dedicated to collaborating with and investing in early-stage start-ups in areas like agentic AI, data infrastructure, cybersecurity, and more. KPMG Venture’s minority equity investment follows recent investments in other AI-driven startups including Ema, Wokelo and Rhino.AI.  

"We're excited to work with industry leaders like Databricks and KPMG to bring enterprise-grade LLM infrastructure to more organizations worldwide," said Jerry Liu, Co-Founder and CEO of LlamaIndex. "These investments will accelerate our product development and go-to-market efforts, allowing us to help more enterprises solve the complex challenges of building production-ready AI systems."

Databricks and LlamaIndex have customers in common, such as Cemex and Carlyle Group. “LlamaCloud completely changed our velocity,” said Daniel G Zapata, Senior Data Scientist at Cemex. “Our small team of data scientists have spun up 10 production‑grade use‑cases in a couple of months. Tasks that used to drag on for weeks now ship in days, because LlamaCloud takes care of the heavy‑lifting (data ingestion, various retrieval techniques, etc.) so we can focus on product. Additionally the LlamaIndex team is very very collaborative and have helped us design multiple agents.”

"As the Applied AI Lead at Carlyle, one of Databricks' enterprise clients, I've evaluated numerous document processing solutions for our AI initiatives. LlamaIndex's LlamaParse stands out as the premier solution for integrating complex documents into our advanced analytics pipeline,” said Dean Barr, MD, Head of Applied AI and Data Scientist at The Carlyle Group. Its exceptional handling of nested tables, complex layouts, and image extraction has been instrumental in our data-driven investment strategies, particularly when combined with Databricks' powerful data processing capabilities."

The investments come at a time of significant momentum in the enterprise AI space. The combination of Databricks' Data Intelligence Platform with LlamaIndex's data infrastructure for LLMs offers enterprises powerful solutions for implementing generative AI applications. Customers can benefit from streamlined integrations, enabling faster deployment of AI solutions that leverage both structured and unstructured data.

Financial terms of the investments were not disclosed.

About LlamaIndex

LlamaIndex is a simple, flexible data framework for connecting custom data sources to large language models and building knowledge assistants on top of them. Founded in 2023, LlamaIndex provides the essential tools for developers to build robust RAG (Retrieval Augmented Generation) systems and agentic solutions across various industries. The company's flagship products include LlamaCloud and LlamaParse, which provide managed parsing, ingestion, and retrieval services for enterprise AI applications.

About KPMG LLP

KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.​

KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at www.kpmg.com/us.

Press Contacts:

LlamaIndex Media Relations
news@llamaindex.ai

KPMG LLP Media Relations
mbatley@kpmg.com

KPMG LLP Media Relations
oweiss@KPMG.com