Join us in returning to NYC on June 5th to collaborate with executive leaders in exploring comprehensive methods for auditing AI models regarding bias, performance, and ethical compliance across diverse organizations. Find out how you can attend here.
Voxel51 has raised $30 million in new funding to develop its visual AI platform, which is designed to reduce the failure rate of AI projects. The company says this is because models haven’t been refined to interpret the data properly. Voxel51 wants to solve this by helping developers create more accurate and robust production-ready AI that can be used within their applications.
The new investment was led by Bessemer Venture Partners with participation from Tru Arrow Partners, Drive Capital, Top Harvest Capital, Shasta Ventures and ID Ventures. Voxel51 says it’ll use the funds to add support for new data modalities, support the next level of dataset scale, and deepen its technology integrations. In addition, the company plans to hire more in its sales, marketing and support teams—it currently has more than 30 employees—, build out its AI research science team, and invest more in its open-source contributions.
“No one would build and tune a race car on a grass field and expect to win a Formula 1 race,” Voxel Chief Executive and co-founder Brian Moore said in a statement. “Yet, organizations building visual AI are all too often forced to build and fine-tune models with mislabeled, inadequate and under-repr …
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Join us in returning to NYC on June 5th to collaborate with executive leaders in exploring comprehensive methods for auditing AI models regarding bias, performance, and ethical compliance across diverse organizations. Find out how you can attend here.
Voxel51 has raised $30 million in new funding to develop its visual AI platform, which is designed to reduce the failure rate of AI projects. The company says this is because models haven’t been refined to interpret the data properly. Voxel51 wants to solve this by helping developers create more accurate and robust production-ready AI that can be used within their applications.
The new investment was led by Bessemer Venture Partners with participation from Tru Arrow Partners, Drive Capital, Top Harvest Capital, Shasta Ventures and ID Ventures. Voxel51 says it’ll use the funds to add support for new data modalities, support the next level of dataset scale, and deepen its technology integrations. In addition, the company plans to hire more in its sales, marketing and support teams—it currently has more than 30 employees—, build out its AI research science team, and invest more in its open-source contributions.
“No one would build and tune a race car on a grass field and expect to win a Formula 1 race,” Voxel Chief Executive and co-founder Brian Moore said in a statement. “Yet, organizations building visual AI are all too often forced to build and fine-tune models with mislabeled, inadequate and under-repr …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]