TruEra offers an AI quality-management platform that helps developers optimize, explain and monitor machine-learning models and integrates with common tools such as Jupyter notebooks. The product targets model trust, transparency and fairness, and provides auditing capabilities to help enterprises meet regulatory and governance requirements. TruEra positions its tools to be used during model development so data scientists can test and evaluate models long before production. The company emphasizes maintaining model quality after deployment as underlying data changes. TruEra says its revenue has grown more than 5x since its late-2020 Series A. Leadership includes CEO and co-founder Will Uppington and co-founder and Chief Scientist Anupam Datta. Truera offers the industry’s first Model Intelligence platform, built on six years of AI explainability research at Carnegie Mellon University, to provide faster and more accurate model explanations and analytics. Its software surfaces actionable insights across the ML lifecycle to improve model quality, boost stakeholder collaboration, and address responsible AI concerns such as explainability and bias. The platform supports development, model review, testing and continuous monitoring in production, even when updated labels and re‑training are not possible. Truera says its platform is deployed at a number of early Fortune 100 customers and is being used to develop responsible AI practices with partners like Standard Chartered. The company intends to use the new funding to accelerate recruiting, product development, and sales and marketing to expand go‑to‑market efforts. Total funding to date is reported as $17.3M. Truera provides a Model Intelligence platform for enterprises to analyze machine learning, improve model quality and build trust. The platform is powered by enterprise-class AI Explainability technology based on six years of research at Carnegie Mellon University. It is already deployed at and delivering value to a number of early Fortune 100 customers in banking and insurance. Truera was co-founded by Anupam Datta, Shayak Sen and Will Uppington and is based in Redwood City, Calif. The company raised a $5.1M first round of funding to expand operations and continue development efforts. The funds are intended to support growth of the product and company operations.

Total raised

$42M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2022