Aporia, a Tel Aviv-based startup that helps businesses monitor and explain their AI-based services, announced that it raised a $25 million Series A funding round led by Tiger Global.
New investor Samsung Next, as well as previous investors TLV Partners and Vertex Ventures also participated in this round, which brings the company’s total amount raised to $30 million.
Aporia proposes to use the funds to triple its headcount this year and expand its U.S. presence while increasing possible uses cases for its platform.
Company: Aporia Technologies LTD.
Raised: $25.0M
Round: Series A
Funding Month: February 2022
Lead Investors: Tiger Global
Additional Investors: Samsung Next, TLV Partners, and Vertex Ventures
Company Website: https://www.aporia.com/
Software Category: Observability platform
About the Company: Aporia is a full-stack and highly customizable ML observability platform that powers data science and ML engineering teams to monitor, debug, explain and improve their machine learning models and data. Aporia’s machine learning model monitoring platform aims to empower businesses to trust their AI. Aporia offers a custom monitoring solution that integrates with existing infrastructure in minutes, which the company says can provide “full visibility of how models are performing in the real world,” according to today’s press release. Data teams can create customizable monitors that can detect biased predictions, unexpected changes in input data formatting, and the gradual degradation of a model’s performance. The platform then offers actionable insights to address these issues.
Source: https://techcrunch.com/2022/02/23/aporia-raises-25m-series-a-for-its-ml-observability-platform/