Saturday, March 02, 2024
Outlook India
Outlook Business

Ex-Nvidia And Ola Exec Launches RagaAI With $4.7 Million Funding To Test And Fix AI

RagaAI is a true multimodal platform that supports LLMs, images/videos, 3D, audio, NLP, and structured data and reduces 90 per cent of the risks while accelerating AI development

Ex-Nvidia And Ola Exec Launches RagaAI With $4.7 Million Funding To Test And Fix AI
Gaurav Agarwal, Founder & CEO, RagaAI

Outlook Start-Up Desk

POSTED ON January 24, 2024 4:01 PM

AI-focused start-up, RagaAI has raised a $4.7 million seed funding round. The round was led by pi Ventures with participation from global investors including Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures, and Exfinity Venture Partners.  

The company’s foundation models called RagaAI DNA for testing use automation to detect AI issues, and diagnose and fix them instantly.  The platform offers over 300 different tests to help users triage the issue down to its root cause. 

RagaAI was founded in January 2022 by tech veteran Gaurav Agarwal who spent the early part of his career at Texas Instruments before moving to mobility business Ola and computing giant NVIDIA. RagaAI advisors include AI leads at Amazon, Google, Meta, Microsoft, and NVIDIA. 

Gaurav Agarwal, CEO and founder of RagaAI commented: “At Ola & NVIDIA, I saw the significant consequences of AI failures due to lack of comprehensive testing. Our Foundation Model “RagaAI DNA”  is already solving this problem across large Fortune 500 companies. RagaAI is designed to detect AI issues,  diagnose them, and fix them seamlessly.” 

RagaAI's funding round will primarily be used to advance research and development, with a focus on improving AI testing tools. Additionally, the company plans to expand its team and raise awareness in the AI community while forming strategic partnerships, it added in a release. 

Manish Singhal, Founding Partner, pi Ventures, commented: “In the rapidly expanding AI landscape, the importance of reliable and unbiased systems is crucial, with AI testing emerging as the linchpin for ensuring the safety, reliability, and ethicality of complex models.  

Driven by their patent-pending Drift detection technology, RagaAI, an AI testing platform, is well-suited to solve these massive problems for AI deployments globally. At pi Ventures, we believe in backing founders who can create disruptive solutions for global impact." 

Research indicates that AI is poised to be a $2 trillion market by 2030. RagaAI believes that 25 per cent of this spend will be targeted towards ensuring AI is safe and reliable and its proposition is well placed to service the demand in the time to come. 

  • Related Articles

    Japanese multinational investment firm SoftBank's stake in One97 Communications was close to 7.01 percent last year, which has now decreased to 5.06 percent after this sale

    SoftBank Further Reduces Stake In Paytm, Sells Another 2% Via Open Market

    In his new role at Scalar, Tapan Jindal will spearhead the corporate strategy and financial operations of the company

    Edtech Scaler Appoints Tapan Jindal As Its Chief Financial Officer

    Mumbai-based Analytics Jobs intends to utilise the fresh funds to redefine the educational technology space, making it more accessible, transparent, and community-focused, it said.

    Analytics Jobs Secures An Undisclosed Amount In Seed Funding