Arize lands $38M to grow its MLOps platform for the enterprise
Summary
Arize AI, a startup developing a platform for machine learning operations, today announced that it raised $38 million in a Series B round led by TCV with participation from Battery Ventures and Foundation Capital. Lopatecki and Dhinakaran first met at TubeMogul, in fact, where Dhinakaran was a data scientist prior to joining Uber to work on machine learning infrastructure.After watching team after team year after year fail to understand both what was wrong with models delivered into production and struggle to understand what models were doing once deployed, we came to the conclusion that something was fundamentally missing, Lopatecki told TechCrunch in an email interview. Other players in the space include Galileo, Modular, Gantry and Grid.ai, the last of which secured $40 million in June to launch a gallery of components that add AI capabilities to apps.But Lopatecki claims that Arize is unique in several aspects. Uber, Spotify, eBay, Etsy, Instacart, P&G, TransUnion, Nextdoor, Stitch Fix and Chick-fil-A are among Arizes paying customers, and the companys free tier which launched earlier this year has over 1,000 users.Mums the word on annual recurring revenue, however. Additionally, there are teams using Arize to ensure the models used in standard of care decisions and the insurance experience are consistent across racial groups, Lopatecki added.