RealityEngines, a San Francisco-based AI and machine learning research startup, secured $5.25m in funding.
The round was led by Eric Schmidt, ex-CEO and chairman of Google and Ram Shriram, a founding Google board member, with participation from Khosla Ventures, Paul Buchheit, Deepchand Nishar, Elad Gil, Keval Desai, Don Burnette and others.
The company intends to use the funds to create a research and development team.
Founded by CEO Bindu Reddy, COO Chetan Rai and CTO Arvind Sundararajan, RealityEngines wants to address the following 3 real-world AI challenges:
1. Train accurate AI models with incomplete/noisy data. It will use techniques from generative modelling and transfer learning to empower organizations to create AI models from sparse and incomplete data.
2. AI assisted ML. The company will implement automated feature engineering and neural architecture search that automatically build accurate ensemble models from customer datasets
3. Build explainability and fairness into AI and machine learning systems.