Verax AI is an Israeli startup and a developer of enterprise-grade software solutions that provide visibility and control of AI in production. The firm raised $7.6 million in seed funding led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures.
Large Language Models (LLMs) have revolutionized various industries, leading to the development of numerous innovative products. ChatGPT and Google Bard are two examples.
A major obstacle to the widespread commercial adoption of LLM-based products is the lack of transparency and predictability. Unexpected behaviors, such as factual errors, hallucinations, and biases, can lead to significant financial and reputational damage. To address these challenges, Verax AI introduced Verax Control Center, an enterprise-grade solution that provides real-time visibility and control over LLM-based products, fostering trustworthy and responsible AI.
Verax AI was founded by Leonid Feinberg and Oren Gev, who collectively have more than 45 years of experience developing enterprise-grade software solutions and scaling technology companies. The two first began working together in 2017 at CloudEndure, a company co-founded by Feinberg and where he was the VP of Product, which was later acquired by Amazon Web Services (AWS). The two continued working together at AWS until 2023 when they co-founded Verax AI together.
While traditional Machine Learning (ML) Dev tools and Ops tools help optimize AI products at development and deployment times, Verax AI is the first to successfully mitigate risks once these AI products are moved to production. Its solutions provide visibility into the production use of LLM-based products outside the lab and auto-correction of unwanted behavior in real-time without time-consuming configurations or human work.
“We are excited to be able to simultaneously announce our Seed round and the release of Verax Control Center. Providing customers with increased AI trust, and a new level of visibility into how their AI products behave is a crucial step in protecting against risk and facilitating the widespread adoption of responsible AI,” said Verax AI Co-Founder and CEO Leonid Feinberg. “We’re seeing many parallels between the challenges organizations are facing when adopting AI today and the ones they faced adopting the public cloud a decade ago. As a result, we are perfectly positioned to help them.”
