Arize AI, a Berkeley, CA-based AI observability and LLM evaluation platform, has raised $70 million in Series C funding.
Investors
The round was led by Adams Street Partners, with support from M12 (Microsoft's venture fund), Sinewave Ventures, OMERS Ventures, Datadog, PagerDuty, Industry Ventures, and Archerman Capital. Existing investors, including Foundation Capital, Battery Ventures, TCV, and Swift Ventures, also reaffirmed their commitment to Arize’s vision.
Adams Street Partners is a global private equity firm headquartered in Chicago, Illinois, with investments in more than 30 countries across five continents. The firm manages over $60 billion in assets across various investment strategies, such as primary fund investments, secondary transactions, co-investments, growth equity, and private credit.
Arize AI Use of Funds
The company plans to use the funding to improve its main product and double down on growing AI segments, including voice and AI agents.
About Arize AI
Founded by Jason Lopatecki and Aparna Dhinakaran, Arize AI provides a unified AI observability and LLM evaluation platform that helps teams develop and maintain AI. The Arize platform provides automated monitoring and observability, allows teams to detect issues when they emerge, troubleshoot why they happened, and improves overall performance across traditional ML and generative use cases. Headquartered in Berkeley, CA, Arize now works with enterprises including Booking.com, Condé Nast, Duolingo, Hyatt, PepsiCo, Priceline, TripAdvisor, Uber, and Wayfair.
Funding Details
Company: Arize AI, Inc.
Raised: $70.0M
Round: Series C
Funding Date: February 2025
Lead Investor: Adams Street Partners
Additional Investors: M12, Sinewave Ventures, OMERS Ventures, Datadog, PagerDuty, Industry Ventures, Archerman Capital, Foundation Capital, Battery Ventures, TCV, Swift Ventures
Company Website: https://arize.com/
Software Category: AI Observability
Source: https://www.prnewswire.com/news-releases/arize-ai-secures-70m-series-c-to-fix-ais-biggest-problem-making-llms-and-ai-agents-work-in-the-real-world-302381601.html