Successful seed round closed
Verax AI was created in 2023, by our co-founders Leo Feinberg and Oren Gev, with the mission to help organizations unlock the full potential of AI. Today, on October 30, 2024, we’re so pleased to announce that we’ve successfully raised $7.6m in seed funding led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures and XTX Ventures.
Building on their time at CloudEndure, a company co-founded by Leo where he was also the VP of Product and which later Amazon Web Services (AWS) acquired, Verax AI is led by successful entrepreneurs with over 45 years’ of combined experience developing and deploying enterprise-grade solutions.
Today, companies of all sizes and across all industries, need to mitigate the risk of inaccurate, offensive, or embarrassing answers coming from their production AI applications.
And now, we’ve built solutions for LLM-based products that are uniquely qualified to meet the significant challenges all organizations are facing with their AI solutions.
Verax Control Center is released
Another piece of big news: Verax Control Center is here.
The Verax Control Center is an industry first in providing visibility and control of LLM-based products in production, enabling trustworthy and responsible AI for organizations as they use it.
We know that the widespread adoption of LLM-based solutions is hindered by a lack of transparency and predictability, like factual errors, hallucinations and biases.
With Verax Control Center, companies can now successfully mitigate risks once AI products have moved to production – risks that were only previously somewhat addressed during development or deployment based on estimates and guesswork. All of which is completed through auto-correction of unwanted behaviors in real-time, without time-consuming configurations or human work.
Understanding very well the challenges organizations encounter when adopting new technologies, we’ve found many parallels between AI adoption today and public cloud adoption a decade ago.
With so much at risk for enterprises, particularly financial and reputational risk, Verax Control Center provides that confidence, knowledge and trust organizations need to push forward and get the most out of their investment in order to adopt responsible AI at scale.
To book a demo or find out more about how Verax Control Center works, reach out to us here.
