Hewlett Packard Enterprise Invests in AI Quality Leader TruEra, With Plans to Jointly Help HPE Clients Build and Deploy AI Models at Scale
June 21 2022 - 10:00AM
TruEra, which provides the first suite of AI Quality management
solutions for managing model performance, explainability, and
societal impact, announced today that Hewlett Packard Enterprise
(NYSE: HPE) has invested in TruEra via its venture capital program,
Hewlett Packard Pathfinder. This extends the $25M Series B round
TruEra announced in March 2022.
Hewlett Packard Pathfinder invests in category-leading
start-ups, creates solutions combining portfolio companies’
technology with Hewlett Packard Enterprise products, and architects
joint go-to-market programs. In addition, Hewlett Packard
Pathfinder closely monitors longer-horizon disruptive innovation,
helping encourage technological advancements that keep HPE on the
leading edge.
“We’re excited to become an investor and to partner with TruEra
in developing comprehensive solutions for our enterprise customers
in conjunction with our High-Performance Computing offering,” said
Paul Glaser, Vice President and Head of Hewlett Packard
Pathfinder.
“AI model quality and ML Ops have emerged as considerable
challenges for enterprises deploying and scaling machine learning
models,” said Ali Wasti, Managing Director, Hewlett Packard
Pathfinder. “Solving these challenges is imperative for AI success,
and TruEra stands out for its deep expertise, differentiated
technology and practical experience helping companies deliver and
monitor AI applications.”
TruEra addresses the next big challenge of AI – the quality
challenge. TruEra’s solutions help ML teams explain, evaluate and
test the performance, risk and responsible AI characteristics of
models in the development phase, and then monitor their live use to
ensure rapid debugging and optimal ongoing performance. Due to this
unique, full lifecycle approach to model quality, TruEra has been
selected as the preferred vendor by multiple Fortune 1000
companies. In March 2022, the company was named to the Fast Company
World Changing Ideas list for the second year in a row. In June
2021, TruEra was named a “Cool Vendor” by expert analysts at
Gartner, Inc in the report, “Cool Vendors in AI Governance and
Responsible AI.” Members of the company also serve on
advisory boards for the Bank of England and the Monetary Authority
of Singapore, among other government agencies.
“Hewlett Packard Enterprise is a leading, trusted provider to
the enterprise, and is known for its ability to ensure that
cutting-edge innovation delivers proven results,” said Will
Uppington, CEO and co-founder, TruEra. “We’re looking forward to
working closely with the HPE team as partners on customer
engagements.”To date, TruEra has raised over $45 MM from top-tier
investors including Menlo Ventures, Greylock Partners, and Wing
Venture Capital, among others. The technology foundation for the
company originated in academic research conducted by TruEra
co-founders Anupam Datta and Shayak Sen at Carnegie Mellon
University.
TruEra will be showcasing its AI Quality software solutions at
HPE Discover 2022, The Edge-to-Cloud Conference, at The Venetian in
Las Vegas from June 28 to 30. TruEra can be found at the Pathfinder
booth #DEMO607. Will Uppington will present a session titled
Key Elements for Building High Quality Machine Learning: How to
Make ML Development More Like Software Development in Theater 1 on
Wednesday, June 29, 2022 at 10:00-10:30 am PST. Register for HPE
Discover 2022 here.
About Hewlett Packard EnterpriseHewlett Packard
Enterprise (NYSE: HPE) is the global edge-to-cloud company that
helps organizations accelerate outcomes by unlocking value from all
of their data, everywhere. Built on decades of reimagining the
future and innovating to advance the way people live and work, HPE
delivers unique, open and intelligent technology solutions
delivered as a service – spanning Compute, Storage, Software,
Intelligent Edge, High Performance Computing and Mission Critical
Solutions – with a consistent experience across all clouds and
edges, designed to help customers develop new business models,
engage in new ways, and increase operational performance. For more
information, visit: www.hpe.com.
About TruEraTruEra helps companies to build and
maintain better ML models, faster. TruEra provides the first suite
of AI Quality solutions that help enterprises analyze machine
learning, improve and monitor model quality, and build trust.
Powered by enterprise-class Artificial Intelligence (AI)
Explainability technology based on six years of research at
Carnegie Mellon University, the TruEra platform helps eliminate the
black box surrounding widely used AI and ML technologies. This
visibility leads to higher quality, explainable models that
sustainably achieve measurable business results, address unfair
bias, and ensure governance and compliance. To learn more, visit
truera.com.
Media contact:Michelle FaulknerBig
Swing617-510-6998michelle@big-swing.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8b1acaac-7a88-41b6-9b17-044fd6a011de
Hewlett Packard Enterprise (NYSE:HPE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hewlett Packard Enterprise (NYSE:HPE)
Historical Stock Chart
From Apr 2023 to Apr 2024