Jump to section
To build trust into Artificial Intelligence.
-4% employee growth in 12 months
AI and machine learning are having a growing influence on how organizations make decisions. The problem with AI technology is that it's a black box. Companies are unable to know the inner workings of how they interpret data and arrive at their outcomes. It's not like traditional software, where a developer can check its code and figure it out.
Fiddler AI believes there's a need for a new type of explainable AI platform. It provides insights to customers so they see and understand how a particular system is making predictions. Plus, how those models can then be changed if bias is suspected. This increases trust and transparency in the technology.
Building trust in a market that is forecasted to grow over 30% per annum and reach a valuation of nearly $300 billion by 2026 is a smart move. It's no surprise that Fiddler AI already works with several of the largest banking institutions in the U.S., as well as online brands like Etsy.
Although, the complexities in AI will never go away. Maintaining high performance will always be challenging. Fiddler AI announced an investment from Alteryx in April 2023, vital financing for the need to fend off competitors such as Reflektion, Conviva, Rais, and Convr.
Steph
Company Specialist at Welcome to the Jungle
Sep 2024
$19m
LATE VC
Jun 2021
$32m
SERIES B
This company has top investors
Krishna Gade
(CEO)Former member at Specialized types and Engineering Manager at Facebook. Previously Head of Engineering at Pinterest. MSc in Computer Science at the University of Minnesota.
Amit Paka
(COO)Former Senior Director of Product Management at Samsung Mobile. Founder and former CEO at Parable. Former Head of Product at Paypal. MBA from Berkley School of Business.