RagaAI claims that several Fortune 500 companies are already using the technology, and it believes that the technology can reduce 90% of the risks in AI development while accelerating the time to production by more than three times. The company plans to expand its team, improve the testing and remediation platform, and raise awareness about the importance of developing safe and transparent AI.
Key takeaways:
- RagaAI, a startup offering a platform to test and fix AI, has emerged from stealth with $4.7 million seed funding from various investors including pi Ventures, Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures and Exfinity Venture Partners.
- The platform developed by RagaAI can carry out as many as 300 tests to identify and fix issues that can cause an AI model to fail, ranging from data and model issues to operational gaps.
- RagaAI claims that several Fortune 500 companies are already using their technology, and they believe that their technology can reduce 90% of the risks in AI development while accelerating the time to production by more than three times.
- With the new funding, RagaAI plans to advance its research and development efforts, improve the testing and remediation platform, expand its team, and raise awareness about the importance of developing safe and transparent AI.