Unleashing the Power of AI: Eppo's Game-Changing Experimentation Platform Revolutionizes the Industry
The AI industry is booming with new models, and businesses are rushing to adopt them to stay competitive. In fact, according to tech consulting firm Searce, nearly 10% of companies are planning to invest a staggering $25 million in AI initiatives this year. But despite the massive spending on AI, the return on investment remains uncertain. Gartner reports that half of all AI leaders struggle to calculate or demonstrate the value of AI projects.
Enter Chetan Sharma, the ex-Airbnb data scientist and co-founder of Eppo. Sharma believes that determining AI ROI is not a daunting task with the right tools. Eppo's experimentation platform allows customers to evaluate and customize AI models for specific use cases, offering a cost-effective way to assess their effectiveness without overspending. By leveraging A/B testing, Eppo helps companies identify which models truly deliver value and make smarter decisions in an environment of rapid innovation and escalating costs.
While Eppo faces competition from other experimentation and A/B testing startups like Split, Statsig, and Optimizely, Sharma stands out with features like the "contextual bandit" system, which automatically explores the performance of new variants of customers' websites, apps, or AI models.
With several hundred enterprise customers, including big names like Twitch, SurveyMonkey, and DraftKings, Eppo has attracted investors' attention. A recent $28 million Series B funding round led by Innovation Endeavors values Eppo at $138 million post-money. The new capital will be used to enhance Eppo's marketing and AI experimentation capabilities, improve analytics offerings, and scale go-to-market efforts.
In conclusion, Eppo's innovative platform is revolutionizing the AI industry by enabling companies to make data-driven decisions, accelerate growth, and maximize their ROI. By leveraging Eppo's powerful tools, businesses can stay ahead of the curve in a rapidly evolving market and drive sustainable success in the digital age.