Switzerland based AI startup LatticeFlow secured $12 Million in Series A funding


LatticeFlow, a Switzerland-based AI platform that can automatically find and fix AI data and model errors, has now secured $12 million in a Series A funding round.

LatticeFlow is founded by Petar Tsankov. It is an ETH Zurich spin-off that has built a scalable platform to automatically diagnose and fix data and model issues, addressing a critical roadblock to the wider adoption of AI.

Its client base includes the Fortune 500 companies such as Siemens Mobility, as well as AI scaleups such as Carscan, Voxel AI and Intenseye.

Executive Opinion

Petar Tsankov, Co-founder and CEO, LatticeFlow, said, "LatticeFlow is an enabling technology that empowers engineers and companies to deliver quality data and performant computer vision models that work in the real world. As data and models grow, delivering AI models that work in the wild becomes an unwinnable battle, so we built the first smart platform that empowers engineers to accomplish this task, addressing a major pain point."

Sunir Kapoor, Operating Partner at Atlantic Bridge, said, "The painful truth is that today, most large-scale AI model deployments simply are not functioning reliably in the real world. This is largely due to the absence of tools that help engineers efficiently resolve critical AI data and model errors. But, this is also why the Atlantic Bridge team so unambiguously reached the decision to invest in LatticeFlow. We believe that the company is poised for tremendous growth since it is currently the only company that auto-diagnoses and fixes AI data and model defects at scale."

LatticeFlow's Latest Funding

The round, which brought the total funding to date to $14.8 million, was secured by the Atlantic Bridge and OpenOcean, with participation from FPV Ventures and existing investors btov Partners and Global Founders Capital.

The company as of now has plans to use the new funds to expand the capabilities of its platform and respond to growing customer demand.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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