Dallas Venture Capital is among new investors in Palo Alto, California-based Fiddler AI, which announced it raised $18.6 million in Series B funding, bringing its total Series B funding to $50 million.
Fiddler said the funds will help it continue to build momentum in AI observability and AI safety.
“Thrilled to share a major milestone for Fiddler AI! We’ve raised an $18.6M Series B extension, bringing our total Series B funding to $50M. This investment propels our mission to advance AI Observability and AI Safety, enabling enterprises to deploy trustworthy and scalable LLM and ML applications,” Fiddler founder and CEO Krishna Gade said on LinkedIn.
“We’re excited to deepen our partnership with Fiddler, the leader in AI Observability, as they redefine how enterprises deploy AI,” Dallas Venture Capital COO Neelima Gonuguntla said in a statement. “With visionary founders at the helm, Fiddler’s comprehensive platform sets the standard for transparency and accountability in responsible AI, driving productivity gains across industries. As Fiddler continues to shape and lead this critical category, we are thrilled to support them on their journey of growth and innovation.”
Fiddler said it helps enterprises deploy large language model applications and machine learning models that are trustworthy and aligned with the highest standards of safety and governance. The company said that with the new investment, it will continue to enhance its platform’s LLM observability capabilities and reach, enabling enterprises to deploy and use LLM applications responsibly, at scale, and cost-effectively.
LLM is a form of artificial intelligence that can generate and understand human-like text.
Fiddler said that along with Dallas Venture Capital, the new investors include Cisco Investments, Capgemini (through its fund ISAI Cap Ventures), Alpha Square Group, Samsung Next, and Essence Fund along with its longstanding partners Insight Partners, Lightspeed Venture Partners, Lux Capital, and Dentsu.
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