Verax AI raises $7.6 million in Seed funding to help enterprises control AI
Verax AI raises $7.6 million in Seed funding to help enterprises control AI
The Israeli startup’s solutions provide visibility into the production use of LLM-based products outside the lab and auto-correction of unwanted behavior in real-time.
Verax AI, which develops enterprise-grade software solutions that provide visibility and control of AI in production, announced on Wednesday that it has secured $7.6 million in Seed funding led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures.
Verax AI was founded by Leonid Feinberg and Oren Gev. The two first began working together in 2017 at CloudEndure, a company co-founded by Feinberg and where he was the VP of Product, which was later acquired by Amazon Web Services (AWS) for a reported $250 million. The two continued working together at AWS until 2023 when they co-founded Verax AI.
While traditional Machine Learning (ML) Dev tools and Ops tools help optimize AI products at development and deployment times, Verax AI mitigates risks once these AI products are moved to production. Its solutions provide visibility into the production use of LLM-based products outside the lab and auto-correction of unwanted behavior in real-time without time-consuming configurations or human work.
Verax AI also announced the launch of its enterprise-grade software solution, Verax Control Center, which provides visibility and control of LLM-based products in production.
“We are excited to be able to simultaneously announce our Seed round and the release Verax Control Center. Providing customers with increased AI trust, and a new level of visibility into how their AI products behave is a crucial step in protecting against risk and facilitating the widespread adoption of responsible AI,” said Verax AI Co-Founder and CEO Leonid Feinberg. “We’re seeing many parallels between the challenges organizations are facing when adopting AI today and the ones they faced adopting the public cloud a decade ago. As a result, we are perfectly positioned to help them.”
