Helicone

The short answer: Portkey is the best drop-in replacement if you’re running Helicone or evaluating alternatives after the LiteLLM security scare. It covers 200+ providers, adds under 1ms of latency, and gives you routing, caching, and observability in a single package. LiteLLM is still viable for self-hosted open-source use if you pin a pre-compromise version and monitor CVEs actively. Why 2026 Is the Year of LLM Gateway Evaluation The LLM gateway market hit a turning point in early 2026 with two simultaneous events that forced teams to re-evaluate their infrastructure. On March 3, 2026, Helicone was acquired by Mintlify — the documentation platform — and immediately entered maintenance mode, meaning no new features, only security patches and bug fixes. Within the same quarter, LiteLLM suffered a documented security compromise that raised concerns about the supply chain security of open-source proxy deployments. These two events hit simultaneously at a moment when enterprise LLM API spending had already grown from $3.5B in late 2024 to $8.4B by mid-2025 — a 2.4x increase in roughly six months. Teams that had quietly been running Helicone for observability or LiteLLM for routing suddenly had urgent migration decisions to make. Add to this that 37% of enterprises now run five or more LLMs in production, and the case for a robust, multi-provider gateway has never been stronger. This guide evaluates your real options with the current market in mind. ...

The LLM observability market hit $2.69 billion in 2026, up from $1.97 billion in 2025, and the four tools at the center of that growth—LangSmith, Langfuse, Helicone, and Arize AI—take fundamentally different architectural approaches. Choosing between them comes down to three axes: how deeply you need to trace agent internals, whether you require self-hosting for data sovereignty, and what your cost curve looks like at scale. This guide covers all four tools with concrete pricing, setup complexity, and a decision framework so you can pick the right one without re-evaluating in six months. ...

If you’re shipping LLM-powered apps to production, you need observability — not just logs, but token costs, latency breakdowns, prompt version history, and failure tracing. LangSmith, Langfuse, and Helicone are the three most-used tools for this in 2026. After running all three in production, LangSmith wins on depth for LangChain stacks, Langfuse wins on open-source flexibility, and Helicone wins on zero-integration simplicity with OpenAI-compatible APIs. What Is LLM Observability and Why Does It Matter in 2026? LLM observability is the practice of instrumenting AI applications to capture traces, token usage, latency, cost, and quality signals across every model call — giving teams the data to debug, optimize, and govern production AI systems. Unlike traditional application performance monitoring (APM), LLM observability must handle probabilistic outputs, multi-step reasoning chains, and prompt-version drift that can silently degrade quality over time. In 2026, companies running GPT-4o, Claude 3.5, and Gemini 1.5 in production face average LLM API costs of $3,000–$50,000/month, making cost attribution and token efficiency critical. Gartner’s 2025 AI Engineering Survey found that 67% of organizations deploying LLMs in production experienced unexpected cost overruns in their first 90 days — directly tied to lack of observability. Without tools like LangSmith, Langfuse, or Helicone, teams fly blind: no visibility into which prompts fail, which model calls spike costs, or when retrieval quality degrades in RAG pipelines. ...