Total amount raised
$63.8 Millions
Latest funding date
Location
Fiddler AI has successfully raised significant funding through multiple rounds, including a notable Series B round. The company specializes in providing enterprise model performance management software, focusing on monitoring, explaining, analyzing, and improving machine learning models.
Keep reading to explore the intricacies of Fiddler AI's fundraising journey and the investors backing this innovative platform.
What Is Fiddler AI?
Fiddler AI, founded in October 2018, is based in Palo Alto, California. The company was established by Amit Paka, Krishna Gade, and Manoj Cheenath.
Specializing in enterprise model performance management, Fiddler AI offers software solutions for monitoring, explaining, analyzing, and improving machine learning models. Their platform includes features like AI observability, model monitoring, and explainable AI.
With a team of 51-100 employees, Fiddler AI is dedicated to building trust in AI by providing tools that ensure high performance, security, and compliance with governance standards.
How Much Funding Has Fiddler AI Raised?
- Seed Round
- Amount Raised: $3M
- Date: October 2018
- Lead Investors: Haystack
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their enterprise model performance management software.
- Series A
- Amount Raised: $10.2M
- Date: September 2019
- Lead Investors: Lightspeed Venture Partners, Lux Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and accelerate product development.
- Venture Round
- Date: October 2019
- Lead Investors: Plug and Play Insurtech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their AI observability platform.
- Venture Round
- Date: August 2020
- Lead Investors: Amazon Alexa Fund, Lockheed Martin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To integrate their solutions with more enterprise applications.
- Series B
- Amount Raised: $32M
- Date: June 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and enhance AI safety features.
- Venture Round
- Date: April 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their machine learning model monitoring capabilities.
- Venture Round
- Date: July 2023
- Lead Investors: Dentsu Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and customer base.
- Series B
- Amount Raised: $18.6M
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance AI observability and AI safety, enabling scalable and trustworthy AI applications.
Total Amount Raised: $63.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that focuses on early-stage investments in the technology sector. They have a global presence with offices in Silicon Valley, Israel, India, and China.
- Investment Focus Areas: Technology, enterprise, consumer, cleantech.
- Notable Investments: Snapchat, GrubHub, Nest.
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. They aim to support companies that are at the intersection of science and technology.
- Investment Focus Areas: Emerging technologies, science, technology intersections.
- Notable Investments: Zoox, Auris Health, Kallyope.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They focus on growth-stage investments in software and internet businesses.
- Investment Focus Areas: Software, internet businesses.
- Notable Investments: Twitter, Shopify, Wix.
- Dentsu Ventures
- Details: Dentsu Ventures is the corporate venture capital arm of Dentsu Inc., a Japanese international advertising and public relations company. They invest in innovative companies that can create new business opportunities.
- Investment Focus Areas: Media, marketing, technology.
- Notable Investments: Not publicly disclosed.
- Alpha Square Group
- Details: Alpha Square Group is an investment firm that participated in Fiddler AI's Series B round. They focus on technology-driven companies, particularly in the AI and machine learning sectors.
- Investment Focus Areas: Technology, AI, machine learning.
- Notable Investments: Not publicly disclosed.
What's Next for Fiddler AI?
Fiddler AI is poised to capitalize on the growing demand for AI Observability and AI Safety solutions. With their recent Series B extension, they are well-positioned to deploy scalable and trustworthy AI applications, particularly in partnership with major tech companies like Amazon SageMaker. This expansion presents a significant market opportunity, bolstered by strong investor backing from firms like Lightspeed and Lux Capital.
Future fundraising seems promising, given the successful Series B extension and the increasing importance of responsible AI systems. However, Fiddler AI will need to navigate challenges such as ensuring the scalability and reliability of their solutions and addressing potential regulatory concerns. Maintaining a competitive edge in the rapidly evolving AI industry will be crucial for their continued growth and success.
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