News: Machine Learning platform Aporia raises $25 Mn in Series A funding

Funding & Investment

Machine Learning platform Aporia raises $25 Mn in Series A funding

Aporia empowers businesses to trust their AI by allowing them to create their own custom monitoring solution within minutes, providing full visibility of how models are performing in the real world.
Machine Learning platform Aporia raises $25 Mn in Series A funding

Machine Learning platform Aporia has announced that they have raised a $25 million Series A funding round, led by venture capital giant Tiger Global, with participation from Samsung Next, existing investors TLV Partners and Vertex Ventures. 

The announcement comes just ten months after their $5 million seed round, bringing Aporia's total amount raised to $30 million. Aporia will use the funds to triple its team's headcount over the next year, expand its presence in the US market and increase the range of use cases the solution addresses.

AI is part of our daily lives, with the majority of respondents in a recent McKinsey survey saying their organization has adopted AI to support a variety of functions including product, customer support, marketing and sales. Yet irresponsible use of AI can have devastating consequences for businesses and people. 

Liran Hason, CEO and co-founder of Aporia,said, "Every organization using AI must have visibility on whether their ML models are accurate, equitable and fair. Data scientists require a tailor-made observability solution to ensure the safety of their highly specialized AI models, but it's expensive and time-consuming to build one from scratch.“

Aporia empowers businesses to trust their AI by allowing them to create their own custom monitoring solution within minutes, providing full visibility of how models are performing in the real world. Data scientists can easily create customizable monitors to detect a wide range of issues including biased predictions, unexpected changes in the format of the input data, or degradation in a model's performance over time. 

The platform provides actionable insights that help data scientists investigate and get to the root cause of any issue. Aporia's self-serve solution can be seamlessly integrated with existing infrastructure so ML practitioners can easily get started, yet it is highly customizable, allowing them to define tailor-made monitoring logic that fits the unique needs of their complex models.

John Curtius, Partner at Tiger Global said,"Aporia has demonstrated unbelievable growth since its launch and has amazing momentum, quickly becoming a leader in the space of ML observability," said. "Executives at global enterprises understand the benefits of artificial intelligence and how it's impacting virtually every industry but the risks keep them awake at night. Aporia is positioned to be the solution every organization turns to for ensuring their responsible use of AI."

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Topics: Funding & Investment, Technology

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