Fiddler AI is a purpose-built machine learning performance monitoring platform that uses Explainable AI to validate, explain, monitor, and analyze data, has raised $32 million in Series B funding.

The round was led by global venture capital and private equity firm Insight Partners with participation from existing investors, Lightspeed Venture Partners, Lux Capital, Haystack Ventures, Bloomberg Beta, Lockheed Martin, and The Alexa Fund.

Company: Fiddler Labs Inc.

Raised: $32.0M

Round: Series B

Funding Month: June 2021

Lead Investors: Insight Partners

Additional Investors: Venture Partners, Lux Capital, Haystack Ventures, Bloomberg Beta, Lockheed Martin, and The Alexa Fund

Company Website: https://www.fiddler.ai/

Software Category: Machine learning performance monitoring platform 

About the Company: Founded in October 2018, Fiddler Labs' mission is to enable businesses of all sizes to unlock the AI black box and deliver trustworthy AI experiences for their customers. Fiddler's Model Performance Management system enables data science, product, and business users to understand, analyze, validate, and manage their AI solutions, providing transparent and reliable experiences to their end-users. Our customers include pioneering Fortune 500 companies as well as emerging tech companies. 

Source: https://www.prnewswire.com/news-releases/fiddler-raises-32-million-in-series-b-funding-as-it-leads-the-market-of-machine-learning-explainability-and-performance-management-301314395.html