Fiddler closed $18.9M funding round

Fiddler AI raised $18.6 million in a Series B extension round. This funding brought the total for Fiddler's Series B round to $50 million. New investors in this round included Cisco Investments, Capgemini (through its fund ISAI Cap Ventures), Dallas Venture Capital, Alpha Square Group, Samsung Next, and Essence Fund. These new investors joined longstanding partners Insight Partners, Lightspeed Venture Partners, Lux Capital, and Dentsu.

Fiddler AI develops an AI Observability platform designed to help enterprises deploy trustworthy and safe LLM applications and ML models. The company aims to enable businesses to monitor, explain, and analyze their AI solutions, ensuring transparency, fairness, and ethical considerations in AI development. The funds are intended to enhance the platform's LLM observability capabilities and expand its reach, allowing enterprises to deploy and use LLM applications responsibly, at scale, and cost-effectively.