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Venture Capital News: TruEra Lands New Funding

2022-06-21
REDWOOD CITY, CA, TruEra announced today that Hewlett Packard Enterprise has invested in TruEra via its venture capital program, Hewlett Packard Pathfinder.
TruEra, which provides the first suite of AI Quality management solutions for managing model performance, explainability, and societal impact, announced today that Hewlett Packard Enterprise (NYSE: HPE) has invested in TruEra via its venture capital program, Hewlett Packard Pathfinder. This extends the $25M Series B round TruEra announced in March 2022.

TruEra helps companies to build and maintain better ML models, faster. TruEra provides the first suite of AI Quality solutions that help enterprises analyze machine learning, improve and monitor model quality, and build trust. Powered by enterprise-class Artificial Intelligence (AI) Explainability technology based on six years of research at Carnegie Mellon University, the TruEra platform helps eliminate the black box surrounding widely used AI and ML technologies. This visibility leads to higher quality, explainable models that sustainably achieve measurable business results, address unfair bias, and ensure governance and compliance.
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