Distributional Raises $19 Million Series A Funding Led by Two Sigma Ventures
Distributional, the AI testing platform founded by Scott Clark, former GM of AI software at Intel, has closed a $19 million Series A funding round led by Two Sigma Ventures. Clark, inspired by AI testing problems encountered at Intel and Yelp, developed Distributional to proactively detect and address AI risks before they impact production.
AI projects are prone to failure, with over 80% not meeting expectations. Clark's platform aims to simplify AI auditing by automating statistical tests for AI models and organizing results in a user-friendly dashboard. By offering a repeatable process for AI testing and a collaborative environment for developers, Distributional seeks to improve AI reliability and reduce risks.
Despite competition from other AI experimentation solutions, Distributional differentiates itself by providing a comprehensive "white glove" experience for clients. With plans to expand its technical team and focus on UI and AI research engineering, Distributional aims to grow its workforce and capitalize on the market opportunity.
In conclusion, Distributional's innovative approach to AI testing and risk management could help companies achieve ROI and avoid unexpected issues with AI applications. By investing in Distributional, businesses can improve the reliability and performance of their AI systems for long-term success in the evolving digital landscape.