Helicone vs Portkey (2026)
Updated March 10, 2026
Overview
Helicone is an open-source LLM observability and proxy platform. By adding a single line of code, developers get request logging, cost tracking, caching, rate limiting, and analytics for their LLM applications. Helicone supports all major LLM providers and offers both proxy and async logging modes. Popular with startups for its generous free tier and simple integration.
Portkey provides LLM observability alongside its gateway capabilities, offering detailed logging, metrics, and tracing for LLM API calls. Teams can monitor latency, costs, token usage, and error rates across providers, with request-level debugging and analytics dashboards for production AI applications.
Strengths and tradeoffs
What each tool does well, and the limitations to keep in mind.
Pros
- Open-source with 5.2K GitHub stars and strong community support
- Minimal latency overhead (under 1ms for self-hosted)
- Flexible deployment options including cloud-hosted, self-hosted, or SDK-only
- Y Combinator-backed with SOC 2 Type II and HIPAA compliance
- No code changes required for AI Gateway features like caching and rate limiting
Cons
- Adds computational cost and one network hop for cloud deployment
- Limited pricing transparency on website
- May require infrastructure expertise for self-hosted setup
Pros
- Enterprise-scale monitoring (10B requests/month)
- Sub-40ms overhead
- Comprehensive analytics and tracing
- Strong security certifications
Cons
- Professional tier expensive (USD 2-5k/mo)
- Open-source has limited features
- Complex for small teams
Compare Helicone and Portkey on your own traffic
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