Kolena, a San Francisco, CA-based AI and machine learning model testing company, raised $15M in Series A funding.
The round, which brought the total amount to $21M, was led by Lobby Capital, with participation from SignalFire, Bloomberg Beta, 11.2 Capital, Zero Prime Ventures.
The company intends to use the funds to accelerate development of its AI testing and validation solution.
Led by CEO Mohamed Elgendy, Kolena provides ab end-to-end ML model testing for computer vision, generative AI, natural language processing, LLMs, and multi-modal models, with the goal of ensuring trustworthiness and reliability in an AI-driven world. The platform allows enterprises and teams to assemble highly specific test cases from the data sets that power their AI models, enabling evaluation of each model’s effectiveness in key scenarios and applications. This testing approach allows teams to root out unexpected model behavior such as biased hiring algorithms, false positives or misclassifications in critical healthcare applications and a vast range of other failure modes.
Several Fortune 500 companies, leading AI startups, government organizations and European AI standardization institutes have adopted Kolena’s solution. The company also supports AI testing for military applications around the world.
FinSMEs
26/09/2023