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Fiddler Receives Investment from Amazon Alexa Fund
Fiddler was founded in October 2018 by CEO Krishna Gade and CPO Amit Paka. The company recently launched its Machine Learning Monitoring Suite, with capabilities including detecting data changes and anomalies and ensuring that data integrity is maintained.
FREMONT, CA: Palo Alto-based provider of explainable monitoring solutions, Fiddler, received a strategic investment from the Amazon Alexa Fund. The investment amount was not disclosed. Proceeds from the investment round will be used by Fiddler 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.
“AI models help businesses get powerful insights, but these models are only effective forecasters if users are able to understand how their models work and if they are trustworthy and reliable over time,” says Fiddler’s Founder & CEO, Krishna Gade. “Fiddler is the first startup to bring true explainability and continuous monitoring to the enterprise, enabling companies to effectively and responsibly manage their AI solutions at scale. An Explainable ML Monitoring system extends traditional monitoring to provide deep model insights with actionable steps. Users are able to understand the problem drivers, root cause issues, and analyze the model to prevent repeat issues.”
Fiddler was founded in October 2018 by CEO Krishna Gade and CPO Amit Paka. The company recently launched its Machine Learning 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 works with many customers across industries, from Fortune 100 companies to startups in the emerging technology space.
“Fiddler is building services that are key to the evolution of explainable AI, as the company works to demystify the ‘black box’ of AI in industry verticals including financial services and social networking,” said Zain A. Gulamali of the Amazon Alexa Fund. “The Fiddler team is one of the strongest we’ve seen positioned to tackle this challenge, and we are excited to support the company as it continues to grow and address explainable AI in areas such as voice and conversational interfaces.”
Fidler also announced a strategic partnership with Lockheed Martin last week and has raised a total of USD 14 million, including a USD 3 million seed round raised in October 2018 led by Lightspeed with participation from Bloomberg Beta and Haystack. The company additionally raised USD 10.2 million in a Series A funding round led by Lightspeed and Lux capital, with continued participation from Bloomberg Beta and Haystack.
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