The rest will go toward expanding sales operations. Robust Intelligence reportedly plans to invest most of the proceeds from its new $30 million funding round into product development. The firewall automatically notifies software teams when AI models encounter a problem. It can be deployed alongside a neural network in production to detect any accuracy issues that may emerge over time. The other tool in Robust Intelligence’s platform is described as an AI firewall. Additionally, the startup argues that using software to manage AI testing tasks makes it easier for companies to implement a standardized reliability evaluation workflow across their machine learning projects. FinSMEs: HyperScience, which uses AI to extract data from business forms, raises a 100M Series E led by Global Founders, Tiger, Stripes, and Bessemer. In addition to speeding up AI projects, Robust Intelligence says that accelerating reliability tests enables developers to focus more of their efforts on building new features. The startup is promising multiple benefits for customers. According to the startup, its approach can help software teams perform testing tasks that sometimes take months in a few hours. The platform can run hundreds of tests to explore different scenarios in which an AI may malfunction, Robust Intelligence says. HyperScience, which uses AI to extract data from business forms, raises a 100M Series E led by Global Founders, Tiger, Stripes, and Bessemer (FinSMEs) https. The first tool in the startup’s platform enables developers to check their neural networks for flaws before rolling them out to production. Robust Intelligence’s platform promises to improve AI accuracy by providing developers with two software tools they can use to fix neural network reliability issues. Researchers have demonstrated that hackers can in some cases use a technique known as adversarial machine learning to fool a neural network into producing erroneous results. The structure of the data that a neural network is tasked with analyzing sometimes changes over time, which has the potential to reduce accuracy.ĪI errors can also be caused by hacking attempts. In other cases, the cause of an error might be the data that an AI model processes. An accuracy issue may be the result of a software design flaw in an AI model. The Robust Intelligence Model Engine helps developers prevent AI malfunctions and, in case an error does occur, the software assists with troubleshooting.Ī neural network can malfunction, that is produce erroneous results, for a variety of reasons. As enterprises apply AI to more parts of their operations, including mission-critical processes, it’s becoming more important to ensure that neural networks operate reliably. The challenge Robust Intelligence is addressing with its platform is that, like traditional applications, neural networks can malfunction. His tech-focused Tiger Global manages 30bn of investments. It’s used by enterprises such as PayPal Inc. The Tech 100 does not feature the likes of Amazon founder Jeff Bezos or Alibabas recently. The startup’s flagship product, the Robust Intelligence Model Engine, is a software platform that companies can deploy in the cloud or on-premises. San Francisco-based Robust Intelligence is led by Chief Executive Officer Yaron Singer, a computer science and applied mathematics professor at Harvard University. Sequoia, Harpoon Venture Capital and Engineering Capital participated as well. today disclosed that it has raised $30 million in funding to enhance its namesake software platform, which promises to help companies find and fix issues in their neural networks faster. No.Ģ4 SaaS companies got funded in March 2023 Sr. Real Estate Transaction Management SoftwareĬanadian Business Growth Fund, Export Development Canada, Investissement Quebecġ7 SaaS companies got funded in April 2023 Sr. Salesforce Ventures, Tiger Global Managementģ1 SaaS companies got funded in May 2023 Sr. No.Ģ9 SaaS Companies got Funding in June 2023 Sr. In case we’ve missed any SaaS company, do drop us a note at Here is the list of SaaS companies that got funded in 2023 22 SaaS Companies got Funding in July 2023 Sr. Of course, this page also helps you know SaaS investors for both seed funding and venture funding stages. We’ll have it all, be it series A funding for a SaaS service or late-stage Series D, E, or F funding. In that bid, we are also introducing a one-stop page for SaaS startup funding*, i.e., a comprehensive list of SaaS funding in India or otherwise. At SaaSworthy, we aim to recognize and showcase the best SaaS products from across the globe.
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