Truera, a Redwood City, Calif.-based provider of a Model Intelligence platform, raised a $5.1M first round of funding.
The round was led by Greylock with additional investors including Wing VC, Conversion Capital, and Aaref Hilaly.
The company intends to use the funds to continue to expand operations and its development efforts.
Co-founded by Anupam Datta, Shayak Sen and Will Uppington, Truera provides a Model Intelligence platform for enterprises to analyze machine learning, improve model quality and build trust. Powered by enterprise-class Artificial Intelligence (AI) Explainability technology based on six years of research at Carnegie Mellon University, the platform helps eliminate the black box surrounding widely used AI and ML technologies. The platform is already deployed at and delivering value to a number of early Fortune 100 customers in banking and insurance.