Arize AI, a Berkeley, Calif.-based leader in ML observability and model monitoring, raised $19m in Series A financing.
The round was led by Battery Ventures with participation from previous investors Foundation Capital, Trinity Ventures, The House Fund and Swift Ventures. In conjunction with the funding, Dharmesh Thakker, general partner at Battery Ventures, will join the Arize AI board.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Jason Lopatecki, CEO, and Aparna Dhinakaran, chief product officer, Arize AI is a Machine Learning Observability platform that helps ML practitioners take models from research to production with ease. Its automated model monitoring and analytics platform help ML teams detect issues when they emerge, troubleshoot why they happened, and improve overall model performance. By connecting offline training and validation datasets to online production data in a central inference store, ML teams can streamline model validation, drift detection, data quality checks, and model performance management.
Since announcing its seed financing in October 2020, Arize AI has gained traction among enterprises such as Adobe and Twilio that are looking to ensure production models perform as designed in the research and building phase. Other customers include organizations in financial services, fintech, healthcare, insurtech, ad tech, retail and other industries that use AI for fraud detection, pricing, demand forecasting and service delivery optimization.