Arthur Raises $42M Series B led by Acrew Capital and Greycroft
We’re thrilled to announce our Work-Bench portfolio company Arthur has raised a $42M Series B round led by Acrew Capital and Greycroft.
Arthur’s AI performance platform gives enterprises the power to monitor, measure, and improve ML models to deliver better results, accelerate model operations, and optimize for accuracy, explainability, and fairness.
Flaws in AI systems continue to plague enterprises and can cause damaged credibility, legal troubles, and devastating financial losses. Since raising their Series A in 2020, Arthur has done major research around automatically adjusting the outputs of models so that they meet fairness and performance constraints that customers want to achieve. Arthur's platform brings auditability and transparency to black box models, exposing where they may be biased or unfair, as well as provides explanatory tools for validation and regulatory compliance.
Arthur is already seeing significant traction among the top Fortune 100 enterprises and tech companies, such as Humana, Axios, and Expel, averaging 445% growth over the entire year.
Congratulations to the entire Arthur team! Read more on their blog.