WhyLabs Raises $10 Million in Series A  

by Kay Aloha Villamor in November 5th, 2021

WhyLabs, a Seattle, Washington-based leading provider of observability for AI and data applications, announced the close of a $10 million in Series A.

The round was co-led by Defy Partners and Andrew Ng’s AI Fund, with participation from existing investors including Madrona Venture Group and Bezos Expeditions. 

The company will use the investment to meet growing demand, expand platform capabilities, scale operations and continue building its world-class team.

This round of funding comes as WhyLabs opens up AI Observatory, the industry’s first Observability SaaS Platform that enables teams to monitor, understand, and improve their AI applications. AI Observatory is also the first monitoring solution that AI builders can self-onboard and start using for free.

Company: WhyLabs, Inc.

Raised: $10.0M

Round: Series A

Funding Month: November 2021

Lead Investors: Defy Partners and Andrew Ng’s AI Fund

Additional Investors: Madrona Venture Group and Bezos Expeditions

Company Website: https://whylabs.ai/

Software Category: Observability SaaS Platform

About the Company: WhyLabs is on a mission to build the interface between humans and AI applications. The WhyLabs AI Observatory is the first SaaS solution that enables continuous monitoring of both data and model health. Teams rely on WhyLabs to monitor, understand, and improve AI applications without spending precious time on manual tasks. WhyLabs incubated at the Allen Institute for AI, a fundamental AI research institute, and is headquartered in Seattle.

Source: https://www.businesswire.com/news/home/20211104005430/en/WhyLabs-Raises-10M-from-Andrew-Ng-Defy-Partners-To-Bring-AI-Observability-To-Every-AI-Practitioner

 


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