Company leaders know they need to implement artificial intelligence and machine learning technologies within their businesses to stay ahead of the competition. But studies show that most organizations aren’t yet seeing an impact from AI investments and are increasingly wary of potential risks related to the burgeoning tech.
The Seattle startup came out of stealth mode this week, unveiling its AI data monitoring platform that has attracted interest from top investment firms. Madrona Venture Group, Defy Partners, Bezos Expeditions — the VC arm of Amazon CEO Jeff Bezos — and Ascend VC participated in a $4 million round for the company, which is the latest to spin out of Seattle’s Allen Institute for Artificial Intelligence (AI2).
WhyLabs is led by CEO Alessya Visnjic, a University of Washington