RagaAI, an AI testing and safety firm founded by former Ola Electric and NVIDIA executive Gaurav Agarwal, announced its first institutional funding of $4.7 million led by AI and machine learning-focused investor Pi Ventures, according to ETtech report.
Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures and Exfinity Venture Partners also participated in the funding round.
RagaAI uses a foundational model called RagaAI DNA to test for problems related to database, data model or other issues in a variety of AI products and services, Agarwal told ET in an interaction. The firm uses over 300 different types of tests to diagnose such issues across various AI applications like large language models (LLMs), computer vision, structured data, and audio and speech models, he added.
The RagaAI platform is available both as an integration into python-based interfaces for data scientists and machine learning (ML) engineers, as well as a standalone platform with a simplified user interface, Agarwal said.
The firm will use the funds raised for research and development of its technology, and to expand its team with a focus on the US and European markets, Agarwal said. With this funding, the company expects a runway of at least 18 months, which will be further augmented by the revenue it is generating.
“A number of these firms are in the Fortune 100 and the Fortune 500, and are based in India, the United States and Europe,” he added.
RagaAI is also collaborating with NVIDIA and Qualcomm to integrate its testing platform with some of their products and co-sell it, Agarwal said.
“In the rapidly expanding AI landscape, the importance of reliable and unbiased systems is crucial, with AI testing emerging as the linchpin… RagaAI is well-suited to solve these massive problems for the AI deployments globally (sic),” said Manish Singhal, founding partner at Pi Ventures.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.