Sep 26, 2023

Kolena, a startup building tools to test AI models, raises $15M

Posted by in category: robotics/AI

Kolena, a startup building tools to test, benchmark and validate the performance of AI models, today announced that it raised $15 million in a funding round led by Lobby Capital with participation from SignalFire and Bloomberg Beta.

The new cash brings Kolena’s total raised to $21 million, and will be put toward growing the company’s research team, partnering with regulatory bodies and expanding Kolena’s sales and marketing efforts, co-founder and CEO Mohamed Elgendy told TechCrunch in an email interview.

“The use cases for AI are enormous, but AI lacks trust from both builders and the public,” Elgendy said. “This technology must be rolled out in a way that makes digital experiences better, not worse. The genie isn’t going back in the bottle, but as an industry we can make sure we make the right wishes.”

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