We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!
As AI impacts more industries and areas of society, startups are building testing tools to help companies and governments assess the state of their models and identify potential compliance issues. Google Cloud chief AI scientist Andrew Moore recently predicted that the AI development pipeline will someday center on testing and validation. But Truera, previously known as AILens, says it’s building a different kind of platform, based on the work of cofounders Anupam Datta and Shayak Sen, whose explainability AI research considers causality and cooperative game theory, as well as fairness and bias.
Datta, who is on leave from his job as a professor at Carnegie Mellon University, told VentureBeat the research behind Truera began in 2014, when CMU researchers uncovered forms of gender bias in online advertising but lacked tools to understand how to measure that bias. The Truera platform can detect and help mitigate problems that occur in AI models, like bias imbalances, changes in data distribution that can impact predictions, and stability over time. Datta said customers are using this feature more as a result of anomalies brought on by COVID-19.
Datta, who serves as Truera’s president and chief scientist, said a core tenet of Truera’s approach is that models free of heavily weighted bias are not just more robust and capable, but also better for business.
“The thesis was that explainability is key to guard against social harms and to build higher-quality models. It wasn’t like either-or,” Datta explained. “In some ways, the same set of methods that let you delve deeper into models, how they are working, how … we assess or adopt them responsibly, are also the things that will help better quality models move into production, and therefore will also be good for the world and for business. These two requirements are not in conflict. They are well-aligned.”
Today, Truera focuses on classification and regression models, as well as deep neural networks, like convolutional neural networks (CNN). The company does not currently provide services for recommendation algorithms or certain other forms of AI.
Truera raised a $5.1 million funding round in 2019 to build and grow its service. Greylock Partners led the round, with participation from Wing VC and Conversion Capital. The funds are being used to build the first version of the Truera product, grow the company team, and launch the platform. Initial customers are using the platform to verify regulatory compliance in highly regulated industries like banking and insurance.
Truera was founded in 2019 and is based in Redwood City, California. The company has about 15 employees.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.