Israeli AI software co Verax AI raises $7.6m

Israeli artificial intelligence software company Real artificial intelligence Today, it announced the completion of a $7.6 million seed funding round led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures. Verax AI develops enterprise-grade software solutions that provide visibility and control of AI in production.

Verax AI also announced the launch of its enterprise-grade software solution, Verax Control Center, which is designed to provide visibility and control of LLM-based products in production, enabling trustworthy and responsible AI.

Verax AI was founded in 2023 by CEO Leonid Feinberg and Oren Jeff. They began working together in 2017 at CloudEndure, which was co-founded by Feinberg, where he was VP of Product, and later acquired by Amazon Web Services (AWS).

“Providing customers with increased confidence in AI and a new level of visibility into how their AI products work is a critical step in protecting against risk and facilitating responsible, widespread adoption of AI,” Feinberg said. “We see many similarities between the challenges organizations face.” They face when adopting AI today and those they faced when adopting public cloud a decade ago, and as a result, we are ideally positioned to help them.

Published by Globes, Israel Business News – en.globes.co.il – on October 30, 2024.

© Copyright Globes Publisher Itonut (1983) Ltd., 2024.