Kolena Raises $15M in Series A Funding to Propel the Development of Robust AI and ML Model Testing Solutions, Aiming for Trustworthy AI Adoption
Kolena’s cutting-edge solution has already garnered the endorsement of several Fortune 500 companies, notable AI startups, government bodies, European AI standardization institutes, and has also extended its expertise in AI testing for military applications.
Company Name: Kolena
Location: San Francisco, CA
Product: AI and Machine Learning model testing solutions
Funding Details:
- Funding led by: Lobby Capital
- Participation from: SignalFire, Bloomberg Beta, 11.2 Capital, Zero Prime Ventures
- Total Funding Amount: $15M (Series A), $21M (Total to date)
- Purpose of Funding: Accelerate the development of AI testing and validation solution.
Leadership: CEO Mohamed Elgendy
About: Kolena is at the forefront of ensuring trustworthiness and reliability in AI applications through its end-to-end machine learning model testing solutions.
Catering to a variety of AI domains including computer vision, generative AI, natural language processing, LLMs, and multi-modal models, Kolena is dedicated to unearthing unexpected model behaviors that could be detrimental in critical scenarios.
The platform empowers enterprises and teams to craft highly precise test cases utilizing the datasets integral to their AI models, thereby facilitating a comprehensive evaluation of each model’s effectiveness across key scenarios and applications.
This testing approach is instrumental in identifying and rectifying biased algorithms, false positives, or misclassifications which are particularly crucial in critical healthcare applications and a myriad of other sectors.
Kolena’s cutting-edge solution has already garnered the endorsement of several Fortune 500 companies, notable AI startups, government bodies, European AI standardization institutes, and has also extended its expertise in AI testing for military applications.