TruEra | June 23, 2022
Hewlett Packard Enterprise announced today that it has invested in TruEra through its venture capital program, Hewlett Packard Pathfinder. TruEra offers the first suite of AI Quality management solutions for managing model performance, explainability, and societal effect. The $25M Series B round TruEra announced in March 2022 is now extended.
Hewlett Packard Pathfinder invests in market-leading start-ups, develops solutions fusing the technology of portfolio companies with Hewlett Packard Enterprise goods, and designs collaborative go-to-market strategies. Hewlett Packard Pathfinder also keeps a careful eye on longer-term disruptive innovation, supporting the development of cutting-edge technology.
"We're excited to become an investor and to partner with TruEra in developing comprehensive solutions for our enterprise customers in conjunction with our High-Performance Computing offering," said Paul Glaser, Vice President and Head of Hewlett Packard Pathfinder.
The quality challenge, the following significant AI challenge, is addressed by TruEra. In order to quickly correct problems and maintain peak performance, ML teams can use TruEra's solutions to explain, analyze, and test the performance, risk, and responsible AI characteristics of models early in the development process. As a result, numerous Fortune 1000 businesses have chosen TruEra as their preferred provider because of its distinctive, whole lifecycle approach to model quality.
"AI model quality and ML Ops have emerged as considerable challenges for enterprises deploying and scaling machine learning models. Solving these challenges is imperative for AI success, and TruEra stands out for its deep expertise, differentiated technology and practical experience helping companies deliver and monitor AI applications."
Ali Wasti, Managing Director, Hewlett Packard Pathfinder
Top-tier investors such as Menlo Ventures, Greylock Partners, and Wing Venture Capital have contributed approximately $45 MM to TruEra. Anupam Datta and Shayak Sen, co-founders of TruEra, conducted academic research at Carnegie Mellon University that served as the basis for the company's technology.
"Hewlett Packard Enterprise is a leading, trusted provider to the enterprise, and is known for its ability to ensure that cutting-edge innovation delivers proven results. We're looking forward to working closely with the HPE team as partners on customer engagements," said Will Uppington, CEO and co-founder, TruEra.
Hewlett Packard Enterprise | September 10, 2019
Hewlett Packard Enterprise (HPE) today announced a container-based software solution, HPE ML Ops, to support the entire machine learning model lifecycle for on-premises, public cloud and hybrid cloud environments. The new solution introduces a DevOps-like process to standardize machine learning workflows and accelerate AI deployments from months to days. Enterprise AI adoption has more than doubled in the last four years1, and organizations continue to invest significant time and resources in building machine learning and deep learning models for a wide range of AI use cases such as fraud detection, personalized medicine, and predictive customer analytics. However, the biggest challenge faced by technical professionals is operationalizing ML, also known as the “last mile,” to successfully deploy and manage these models, and unlock business value. According to Gartner, by 2021, at least 50 percent of machine learning projects will not be fully deployed due to lack of operationalization.
Hewlett Packard Enterprise | November 04, 2019
Hewlett Packard Enterprise (HPE) today announced combined intelligence and composability offerings by integrating its artificial intelligence (AI) and machine learning-driven HPE Primera storage platform with the composability in HPE Synergy and HPE Composable Rack1, helping customers rapidly deliver new apps and innovations to propel their businesses forward. This unique combination allows customers to deliver services on an intelligent cloud platform, offering the flexibility to support any application and service level agreement (SLA) with cloud-like agility, extreme resiliency, and seamless scalability. Additionally, expanding on the recent introduction of HPE Synergy support for VMware Cloud Foundation (VCF), HPE Composable Rack, the HPE composable rack-scale solution, now supports VCF for hybrid cloud deployments.