For its comprehensive AI verification and precision system, CitrusX, an Israeli company, has secured $4.5 million in seed funding. The funding round was led by Awz, an American venture capital firm, along with participation from angel investors.
The shift from developing frameworks to deploying them in production has emerged as a significant bottleneck for businesses across various industries embracing AI technologies. Challenges such as validation, explainability, risk assessment, and legal compliance often plague machine learning (ML) models, particularly due to the lack of understanding among the data science teams responsible for their creation.
To address the need for reliable, interpretable, and unbiased ML models, CitrusX, co-founded by Noa Srebrnik (CEO) and Gilad Manor (CTO), has developed a platform catering to all stakeholders involved in an organization’s AI pipeline. This platform empowers data scientists and risk officers to validate and mitigate risks, ensuring ethical AI usage in compliance with legal standards.
CEO Noa Srebnik emphasized, “In many businesses, data scientists develop and validate models without the broader company understanding the implications of their machine learning initiatives.” CitrusX bridges this gap by providing a unified program accessible to all, facilitating faster and smoother ML deployment and maintenance while meeting regulatory standards and aiding in explaining model decisions to end users.
Key highlights include the company’s patent-pending technology that identifies errors and vulnerabilities in ML models, maps data space elements and weaknesses, and flags potential feature biases leading to unforeseen model errors. CitrusX has been selected as part of the first cohort of the Awz X-Seed Hub, a deep-tech, early-stage systems initiative.
