Arize AI, a Berkeley, California-based leader in ML observability and model monitoring, raised $19 million in Series A financing.
The round was led by Battery Ventures with participation from previous investors Foundation Capital, Trinity Ventures, The House Fund, and Swift Ventures. Dharmesh Thakker, general partner at Battery Ventures will join the Arize AI board.
The funding will go into product development, expanding industries and use cases, and growing its team of 40.
Company: Arize AI
Raised: $19.0M
Round: Series A
Funding Month: September 2021
Lead Investors: Battery Ventures
Additional Investors: Foundation Capital, Trinity Ventures, The House Fund, and Swift Ventures. Dharmesh Thakker
Company Website: https://arize.com/
Software Category: Machine Learning Observability platform
About the Company: Arize AI is a Machine Learning Observability platform that helps ML practitioners successfully take models from research to production with ease. Arize's automated model monitoring and analytics platform helps ML teams quickly detect issues when they emerge, troubleshoot why they happened, and improve overall model performance. By connecting offline training and validation datasets to online production data in a central inference store, ML teams can streamline model validation, drift detection, data quality checks, and model performance management. Arize AI acts as the guardrail on deployed AI, providing transparency and introspection into historically black box systems to ensure more effective and responsible AI.
Source: https://www.prnewswire.com/news-releases/arize-ai-raises-19-million-series-a-financing-led-by-battery-ventures-for-machine-learning-observability-301385881.html https://techcrunch.com/2021/09/28/battery-ventures-leads-arize-ais-19m-round-for-ml-observability/