USA – Fiddler, a Palo Alto, Calif.-based provider of solutions to enable organizations to get complete visibility into their production AI systems, closed a strategic collaboration with Lockheed Martin Ventures inclusive of a strategic cooperation agreement and an investment.
As part of the investment, Lockheed Martin Ventures will work with Fiddler on the development, testing and scaling of Fiddler’s technology in applying explainable AI in the defense and aerospace industries.This work is critical for businesses to ensure high performance at all times. Founded in October 2018 by CEO Krishna Gade and CPO Amit Paka, Fiddler provides an AI Explainability platform which enables organizations to get continuous insights to monitor, explain, and analyze their AI solutions at the scale required in the modern business environment. An Explainable AI Monitoring system provides deep model insights with actionable steps, helping users understand the problem drivers, root cause issues, and analyze their models.Fiddler is working with a range of customers across industries, from Fortune 100 companies to startups in the emerging technology space.The company has raised a total of $14m, including a $3m seed round raised in October 2018 led by Lightspeed with participation from Bloomberg Beta and Haystack and $10.2m in Series A funding led by Lightspeed and Lux capital, with continued participation from Bloomberg Beta and Haystack. 17/08/2020
