Fiddler AI has secured $32 million in Series B funding to give teams everywhere access to Fiddler’s Model Performance Management platform powered by Explainable AI to enable them to build Responsible AI in production.
The round was led by global venture capital and private equity firm Insight Partners with participation from existing investors, Lightspeed Venture Partners, Lux Capital, Haystack Ventures, Bloomberg Beta, Lockheed Martin, and The Alexa Fund.
“After launching Fiddler’s Explainable AI Platform, we’ve expanded to encompass every stage of the AI lifecycle, from development, to validation, to production,” said CEO Krishna Gade. “With the latest funding, we will bring our Model Performance Management solution to even more teams, explore new solutions to fight issues like bias and data drift, and continue driving customer education around Responsible AI.”
Given the rising need for MPM solutions, Fiddler has raised a total of $47 million, which includes $14.2 million in the seed and Series A rounds led by Lightspeed Venture Partners and Lux Capital, with participation from Haystack Ventures, Bloomberg Beta, Lockheed Martin, and The Alexa Fund.