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What’s New In Investments, Funds? – RagaAI

Editorial Staff

24 January 2024

RagaAI
RagaAI, an AI-focused startup, has closed a $4.7million seed funding round. The round was led by pi Ventures with participation from global investors including Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures, and Exfinity Venture Partners, the firm said in a statement. 

The amount of large language models , computer vision and natural language processing have created a generation of applications that are reshaping industries and transforming how we engage with the world today, the firm continued. Ensuring the performance, safety and reliability of AI has become a key concern. To help companies stay on top of this, RagaAI has launched an automated artificial intelligence testing platform.

RagaAI is establishing a framework for safe and reliable AI. RagaAI’s breakthrough foundation models called RagaAI DNA are used for testing automation to detect AI problems, diagnose and fix them instantly. The platform offers over 300 different tests to help users triage the problem down to its root cause. It identifies occurences such as varied as data drift, edge case detection, poor data labeling quality, bias in the data, lack of model robustness or adversarial attacks. RagaAI is a multimodal platform which supports LLMs, images/videos, 3D, audio, NLP and structured data. It reduces 90 per cent of the risks while accelerating AI development by more than 3x.

RagaAI is working with a range of companies and identified two common challenges they faced which RagaAI is addressing. Firstly, they face a skillset constraint owing to the sparse availability of specialized AI engineers. As such, AI testing automation becomes a necessity to optimize the AI development process. Secondly, safety and security concerns loom large. AI testing will mitigate vulnerabilities and ensure the reliability and trustworthiness of AI systems.