A new startup called Arize AI has come out of the stealth mode today. This one is building a real-time analytics platform for “observability” in artificial intelligence (AI).
The company is led by CEO Jason Lopatecki, who was ex-chief strategy officer & chief innovation officer at TubeMogul, & co-founder Aparna Dhinakaran. TubeMogul’s co-founder & former CEO Brett Wilson is an investor.
Arize AI has already raised US $4 million in funding led by Foundation Capital, with participation from Wilson & Trinity Ventures.
Writing on Medium, Ajay Chopra of Trinity Ventures has explained why it had invested in this startup.
One of our core theses at Trinity is investing in AI infrastructure, a market that is expected to be worth $50.6B by 2025. Every large enterprise we talk to is investing significantly in ML resources and talent.
When we break down the AI / ML space, we see a few key segments. We made our first bet in the data preparation layer with an investment in Figure Eight (formerly CrowdFlower), which was founded by Lukas Biewaldand recently acquired by Appen for $300M. A few years later, we funded Lukas’s next startup Weights & Biases, which helps developers prepare, iterate and manage models, and then deploy them into production.
Now, we are placing another bet in the AI observability space with Arize AI. Observability is an area we know well, having made an early investment into New Relic (NYSE: NEWR) for application and web infrastructure monitoring. We believe monitoring may be even more critical for AI and we constantly hear about how ML Ops teams are building their own solutions in house to tackle this issue.
Image credit: Arize AI
