The platform allows users to create test cases to evaluate a model’s performance and compare it to other models. Kolena's CEO, Mohamed Elgendy, emphasizes the platform's privacy approach, which does not require customers to upload their data or models to the platform. The company is currently partnering with "mission-critical" companies and plans to roll out team bundles for mid-sized organizations and early-stage AI startups in Q2 2024.
Key takeaways:
- Kolena, an AI startup, has raised $15 million in a funding round led by Lobby Capital, bringing its total funding to $21 million.
- The company plans to use the new funds to expand its research team, partner with regulatory bodies, and boost its sales and marketing efforts.
- Kolena provides a platform for testing, benchmarking, and validating the performance of AI models, with features that allow users to identify gaps in AI model test data coverage and manage risks associated with AI system deployment.
- Despite competition from other companies offering similar tools, Kolena differentiates itself by allowing customers full control over the data types, evaluation logic, and other components that make up an AI model test, and emphasizes its approach to privacy.