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Gentrace Secures $8M Series A to Revolutionize Generative AI Testing
- Generative AI testing and monitoring firm Gentrace has secured $8m in a round led by Matrix Partners with participation from Headline and K9 Ventures.
- The funding coincides with the launch of Gentrace’s flagship tool, Experiments, to increase the accessibility, collaborative and efficient testing of large language models.
- Gentrace aims to remove the barriers between engineering teams and non-engineering stakeholders such as product teams and QA specialists.
- With generative AI's growth projected to reach $38.7bn by 2030, Gentrace's three-pillar approach focuses on testing environments, performance analytics and collaboration through Experiments.
- Gentrace's no-code interface allows non-technical users to evaluate artificial intelligence systems, such as GPT, for edge cases and safety.
- Early adopters of Gentrace's platform, including Webflow and Quizlet, have increased the speed of evaluating tests and predictive impact of model changes.
- Gentrace plans to use the funding to expand its engineering, product and go-to-market teams, with advanced features in the development pipeline such as threshold-based experimentation.
- The platform recently achieved the ISO 27001 certification, demonstrating its approach to securing customer data.
- Matrix Partners' Kojo Osei believes that Gentrace is setting a new standard for AI reliability and usability while Headline's Jett Fein adds that the platform is indispensable for deploying AI at scale.
- Partner support underscores the value of the platform as the rise of generative AI continues to fuel the need for effective and safe AI implementation tools.
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