Deepchecks, a Tel Aviv, Israel-based company specializing in continuous machine learning validation, has announced the general availability of its solution and secured $14 million in seed funding.
The funding round was led by Alpha Wave Ventures, with participation from Hetz Ventures and Grove Ventures.
Deepchecks aims to advance machine learning by applying testing and validation principles, drawing inspiration from the software development domain.
The company's solution helps practitioners, developers, and other stakeholders go beyond MLOps (Machine Learning Operations) and gain visibility and confidence at every stage of the machine learning lifecycle, from development to deployment and operation in production environments.
"It makes little sense to deploy and monitor software that has not been thoroughly and systematically tested first. Yet, this is what happens today with machine learning applications. Deepchecks brings a new approach to MLOps, improving models by adding validation to every step of the machine learning lifecycle" said Deepchecks co-founder and CEO Philip Tannor.
The enterprise version of Deepchecks offers additional collaboration and security features to meet the needs of organizations operating in complex environments.
Company: Deepchecks Inc.
Raised: $14.0M
Round: Seed Round
Funding Month: June 2023
Lead Investors: Alpha Wave Ventures
Additional Investors: Hetz Ventures and Grove Ventures
Company Website: https://deepchecks.com/
Software Category: Continuous Machine Learning Validation
About the Company: Founded by Philip Tannor and Shir Chorev, Deepchecks is a next-gen MLOps vendor that is set on becoming the de facto standard to make machine learning safe and predictable from research to production. Deepchecks provides an open-source solution that allows users to reuse and customize components for comprehensive testing of machine learning models and datasets. The solution also includes monitoring and root cause analysis capabilities for production environments and a comprehensive user interface. With over 500,000 downloads, Deepchecks is already being used by prominent companies such as AWS, Booking.com, and Wix. It is also utilized in highly regulated industries such as finance and healthcare. Headquartered in Israel and the US.
Source: https://www.prnewswire.com/il/news-releases/deepchecks-unveils-its-open-source-solution-for-continuous-validation-of-machine-learning-with-14m-seed-funding-301850861.html