General AI

AI Quality Leader TruEra Receives Investment from Hewlett Packard Enterprise

TruEra
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.

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