RagaAI, an AI-focused startup, has come out of stealth mode and has successfully closed a $4.7m seed funding round. Pi Ventures spearheaded the funding round, joined by international investors such as Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures, and Exfinity Venture Partners.
RagaAI addresses the need to ensure performance, safety and reliability of AI models, by providing an automated and comprehensive AI testing platform for companies. RagaAI is backed by advisors from Amazon, Google, Meta, Microsoft and NVIDIA.
RagaAI DNA
RagaAI DNA which is the foundational model of RagaAI uses automation to detect issues, diagnose and fix them. Offering over 300 different tests, the model is able to identify issues such as data drift, edge case detention, poor data labelling, bias in data, and many more. Furthermore, it is a multimodal platform that supports LLMs, images/videos, 3D, audio, NLP and structured data. It reduces 90% of the risks while accelerating AI development by more than 3x.
Tech Pioneer
Coming from a rich technology background of computer vision and machine learning, RagaAI was founded by Gaurav Agarwal in January 2022. He has previously worked with Texas Instruments and moved on to head mobility business at Ola and computing giant NVIDIA.
“At Ola & NVIDIA, I saw the significant consequences of AI failures due to lack of comprehensive testing. Our Foundation Models “RagaAI DNA” is already solving this problem across large fortune 500 companies,” said Gaurav Aggarwal, CEO and founder of RagaAI.
The founding team at RagaAI has a collective AI expertise of over 50 years. The company has already provided solutions for companies in various sectors including ecommerce, automotive, and others, with multiple use cases.
RagaAI’s funding round will be used to advance research and development, with a focus on improving AI testing tools.
“Driven by their patent-pending drift detection technology, RagaAI, an AI testing platform, is well-suited to solve these massive problems for the AI deployments globally. At pi Ventures, we believe in backing founders who can create disruptive solutions for global impact. In our view, Gaurav and his stellar team at Raga are fulfilling that goal in a big way. We are pleased to be associated with them,” said Manish Singhal, founding partner of pi Ventures that spearheaded the funding round.
