Fiddler, a Palo Alto, Calif.-based provider of an explainable monitoring solution, received a strategic investment from the Amazon Alexa Fund.
The amount of the deal was not disclosed.
The company intends to use the funds to advance its explainable monitoring solution. Fiddler and the Alexa Fund will collaborate to advance actionable insights in AI, giving businesses complete and continuous visibility into their production AI systems to ensure high-performing, responsible, and transparent AI solutions.
Founded in October 2018 by CEO Krishna Gade, and CPO Amit Paka, Fiddler recently launched its ML Monitoring suite, with capabilities including detecting data changes and anomalies, and ensuring that data integrity is maintained. These capabilities are coupled with its Explainable AI Platform to explain, analyze, and resolve MLOps production monitoring issues.
Fiddler is working with a range of customers across industries, from Fortune 100 companies to startups in the emerging technology space.
The company recently announced a strategic partnership and funding from Lockheed Martin, and has raised a total of $14 million, including a $3 million seed round raised in October 2018 led by Lightspeed with participation from Bloomberg Beta and Haystack. They additionally raised $10.2 million in Series A funding led by Lightspeed and Lux capital, with continued participation from Bloomberg Beta and Haystack.
FinSMEs
27/08/2020