LatticeFlow, a Zurich, Switzerland-based artificial intelligence (AI) platform that can automatically find and fix AI data and model errors, announced that it raised $12 million in Series A funding, bringing the total raised to date to $14.8 million.
Atlantic Bridge and OpenOcean led the round, with participation from FPV Ventures and existing investors btov Partners and Global Founders Capital.
The investment will enable LatticeFlow to expand the capabilities of its platform and respond to growing customer demand as more companies—including a number of Fortune 500 customers, including Siemens Mobility, and AI scaleups such as Intenseye, Voxel AI, and Carscan—deploy computer vision models at scale.
“LatticeFlow is an enabling technology that empowers engineers and companies to deliver quality data and performant computer vision models that work in the real world,” said Petar Tsankov, Co-founder and CEO, LatticeFlow. “As data and models grow, delivering AI models that work in the wild becomes an unwinnable battle, so we built the first smart platform that empowers engineers to accomplish this task, addressing a major pain point.”
The LatticeFlow platform was built to automate solving data quality and blind spot issues in computer vision AI models, which is critical to enabling model performance in the wild.
Company: LatticeFlow AG.
Round: Series A
Funding Month: October 2022
Lead Investors: Atlantic Bridge and OpenOcean
Additional Investors: FPV Ventures, btov Partners, and Global Founders Capital
Company Website: https://latticeflow.ai/
Software Category: AI systems
About the Company: LatticeFlow is an award-winning ETH Zurich spin-off founded in 2020 by a globally-recognized team of AI experts whose mission is to bring AI to the real world. To achieve this mission, the company has built the first scalable platform to automatically diagnose and fix data and model issues, addressing a critical roadblock to the wider adoption of AI. Its customers include Fortune 500 companies such as Siemens Mobility and AI scaleups such as Intenseye, Voxel AI, and Carscan. The company was featured on the prestigious CB Insights AI100 List of Most Innovative AI companies in 2022, winning the Swiss AI Award in 2022 and the US Army Global AI Award in 2021.