- AI assurance platform company Superwise.ai announced it raised $4.5 million in a seed round of funding led by Capri Ventures and F2 Capital
AI assurance platform company Superwise.ai announced it raised $4.5 million in a seed round of funding led by Capri Ventures and F2 Capital. With this funding round, the company is planning to further expand the availability of its AI Assurance platform in the U.S. market. Superwise.ai also plans to further expand its presence in the U.S. with plans to hire talent that will work closely with customers and open offices in both New York City and the Bay Area later this year using the funding.
Superwise.ai’s SaaS platform enables business and operational teams to take ownership of the health of artificial intelligence models thus giving them the ability to completely trust the operation and conclusions of their AI-driven processes. And Superwise.ai’s platform is being used by several customers — who are now able to detect and solve any issues in their AI models in real-time. And the company’s platform is revolutionizing the current reactionary approach that is triggered by dropped business KPIs, which tends to happen after an error.
In a recent IBM report, 78% of business leaders said that trusting the fairness and reliability of artificial intelligence outputs are very important. But AI production is in a black box, which makes it challenging for models to be continuously monitored and maintained for accuracy and fairness.
The errors by the model can result in lost profits and cybersecurity breaches. And most businesses lack the tools and practices to effectively detect and prevent inaccuracies from being introduced thus making the scalability of AI models impossible.
Superwise.ai’s AI Assurance platform includes performance management, bias detection, explainability, and artificial intelligence analytics capabilities. Plus it gives business leaders a direct view into what’s happening in their artificial intelligence models and why. And it also offers proactive actions and recommendations to optimize the model’s behavior for better performance and outcomes.
The platform built by Superwise.ai helps protect businesses from the harmful and unintended consequences of biased AI models. And by handling issues in real-time, the platform enables the business and operational teams to own the ongoing performance of the models thus reducing their dependency on the data science team who can then focus on new initiatives.
The Superwise.ai AI Assurance platform integrates seamlessly into whatever AI platform is already being used, including AWS SageMaker, Google AI Platform, Azure Machine Learning, Kubeflow, H20.ai, and other custom-built platforms.
Key Quotes:
“Business leaders are eager to implement and reap the benefits of AI, but quickly discover that complexity and lack of visibility creates serious trust issues once in production. Most organizations don’t discover issues with their model until it’s too late and there’s already a negative business impact. This is partly caused by the fact that in most cases, it’s not even clear who within an organization owns the long term health and accuracy of AI models. Our team has years of experience dealing with this problem across dozens of enterprises, putting us in a unique position to guide our data-driven customers and give them trust in their models.”
-Ofer Razon, co-founder and CEO of Superwise.ai
“We’re always attracted to innovative companies in new markets that are ripe for growth, and we see endless opportunity for Superwise.ai to continue growing thanks to its product maturity and experienced team. The U.S. market is at the forefront of developing and implementing AI technology, and Superwise.ai already has the traction and customer success to put them miles ahead of the competition and in a position to become the market leader.”
-Alex Pinchev, Managing Partner at Capri Ventures
“We believe AI Assurance will become a must-have component in any AI implementation. Superwise.ai is a pioneer in the space, and we’re excited to back the team from the beginning.”
-Jonathan Saacks, Managing Partner at F2 Capital
