AI performance startup Arthur secured $42 Million in Series B Funding

Arthur, a New York-based AI performance company, has now secured $42 million in a Series B funding round.

Arthur is founded by Adam Wenchel. It provides a platform that monitors, measures, and improves machine learning models, working with enterprise teams to accelerate model operations and optimize for accuracy, fairness, and explainability.

Its research-led approach to product development drives new capabilities in enterprise scalability, bias mitigation, computer vision, NLP, and some other critical areas.

Theresia Gouw, the founding partner at Acrew Capital, said, "Some of the largest and most important companies in the world rely on Arthur to improve the performance and fairness of their critical AI models. With AI central to their future, they don't want to leave it to chance."

Adam Wenchel, Arthur CEO, said, "The first companies to become AI-native will be the leaders for decades to come. We are fortunate to be working with some of the most AI-forward partners out there, who have provided invaluable feedback to make our platform even better."

The round was backed by Acrew Capital and Greycroft Ventures.

The AI startup, as of now, has plans to use the new funds to scale to meet the demand for important AI infrastructure, notes the announcement.