Bobidi, a Los Gatos, CA-based AI model test platform for AI companies to safely validate models before deploying them, announced that it raised $5.8M in seed funding.

Backed by Y Combinator, We Ventures, Hyundai Motors Group ZER01NE, Scrum Ventures, New Product Experimentation (NPE), Meta, Lotte Ventures, Atlas Pac Capital, and angel investors. 

Bobidi will use the proceeds to mainly hire talent who will run the global bug bounty community, build the customer insight experiences, and develop various core machine learning technologies. 

Company: Bobidi Inc.

Raised: $5.8M

Round: Seed Round

Funding Month: July 2022

Lead Investors: Y Combinator, We Ventures, Hyundai Motors Group ZER01NE, Scrum Ventures, New Product Experimentation (NPE), Meta, Lotte Ventures, Atlas Pac Capital

Additional Investors: 

Company Website: https://www.bobidi.com/

Software Category: AI model test platform

About the Company: Founded in June 2021 by Jeong-Suh Choi and Soohyun Bae who left their jobs at Facebook and Niantic, Bobidi is an AI model test platform for AI companies to safely validate models before deploying them. They leverage their global community of people to test models and find biases, which makes the entire process 10x more efficient. The platform is also more efficient because the datasets collected via the bug bounty are the novel data that the model needs. Bobidi is building a global bug bounty platform that helps companies validate AI models 4x to 10x more efficiently. The company's solution enables customers to connect AI models to the global bug bounty community via API in a secure way. 

Source: https://www.prnewswire.com/news-releases/yc-backed-startup-bobidi-raises-5-8-million-to-build-global-bug-bounty-platform-for-ai-models-301586446.html