Dentsu Ventures Fund II Makes Investment in Fiddler Labs, Advancing Responsible AI and ML Monitoring
Dentsu Ventures, the corporate venture capital fund of Dentsu Group Inc., has invested in Fiddler Labs, a pioneer in AI Observability. Fiddler’s platform provides transparency and
Dentsu Ventures, the corporate venture capital fund of Dentsu Group Inc., has invested in Fiddler Labs, a pioneer in AI Observability. Fiddler’s platform provides transparency and
Dentsu Ventures Fund II Makes Investment in Fiddler Labs, Advancing Responsible AI and ML Monitoring
Dentsu Group Inc., a Tokyo-based company, has announced that its corporate venture capital fund, Dentsu Ventures, has made an investment in Fiddler Labs, Inc. This investment makes Dentsu Ventures the first Japanese fund to invest in the pioneer of AI Observability. With concerns growing over the inappropriate use of AI and machine learning models lacking transparency and exhibiting biases, there is increasing pressure for companies to incorporate Explainable AI as part of their strategies for ethical outcomes.
Fiddler Labs offers advanced capabilities in monitoring, explainability, and governance on predictive and generative models. Its AI Observability platform provides companies with more visibility into their AI and ML models’ behavior and predictions for responsible AI implementation. By offering root cause analysis and actionable insights on model improvement, Fiddler enables precise detection of bias and mitigates potential fairness risks that could harm companies’ brands and businesses.
Dentsu Ventures aims to help Fiddler expand its business and explore synergies with dentsu’s global AI-related initiatives. The investment in Fiddler aligns with the increasing demand for regulations surrounding AI as algorithmic decision-making plays a significant role in today’s business processes. Incorporating Explainable AI becomes crucial for companies to ensure ethical outcomes from their models and applications.
Fiddler Labs, headquartered in Palo Alto, California, was established on October 17, 2018. Led by CEO Krishna Gade, the company specializes in providing an AI Observability platform that enables companies to monitor, analyze, explain, and improve their AI and ML models responsibly. The platform helps businesses gain insights into model behavior to support accurate decision-making processes.
Dentsu Ventures Fund II is a corporate venture capital fund with a total fund capital of 10 billion yen. Established in April 2021 for a ten-year period until March 2031, the fund focuses on global investments both within and outside Japan. It invests in a wide range of stages, from seed-stage to later-stage investments, and aims to support innovative companies in various industries.
For media inquiries, Jumpei Kojima, Deputy Chief Communications Officer at Dentsu Group Inc., can be contacted via email at group-cc@dentsu-group.com. The original content was published by Dentsu Group Inc. on July 7, 2023. The company takes sole responsibility for the information contained in the announcement.
