GISuser.com

Mobile, Technology, and Business news

  • PRESS
    • Submit PR
    • Top Press
    • Business
    • Software
    • Hardware
    • UAV News
    • Mobile Technology
  • FEATURES
    • Around the Web
    • Social Media Features
    • EXPERTS & Guests
    • Tips
    • Infographics
  • Events
  • CAREERS
  • Advertise
    • Advertise
  • Shop
  • Tradepubs
  • facebook
You are here: Home / * PRESS / Business / Hewlett Packard Enterprise Invests in AI Quality Leader TruEra, With Plans to Jointly Help HPE Clients Build and Deploy AI Models at Scale

Hewlett Packard Enterprise Invests in AI Quality Leader TruEra, With Plans to Jointly Help HPE Clients Build and Deploy AI Models at Scale

June 22, 2022 By GISuser

Multi-million dollar strategic investment brings TruEra’s total funding to date to over $45 million

REDWOOD CITY, Calif., June 21, 2022 (GLOBE NEWSWIRE) — 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 Enterprise
Hewlett 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 TruEra
TruEra 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.

Filed Under: Business Tagged With: HP






Editor’s Picks

How Safe is Google Wallet?

How Safe is Google Wallet?

Feature – GIS and the NFL: Sustainability and Millennial Fans

Esri Partners Acknowledged for Best Practices in GIS

Map of the Day – TheCeliacScene, Guides for the Gluten Free

See More Editor's Picks...

Feed

  • RSS


GIS jobs


Recent Features

Digitalization and Simulation at the North Pole

Natural Gas District & GIS-Centric Asset Management

5 Ways Technology Is Affecting The Sharing Economy

Spotlight – Township Canada: Explore Canadian Legal Land Descriptions on a Map

GeoGeeksinCars – The one in “Tippy” the right-hand drive Mitsubishi, at DevSummit

More Posts from this Category

Categories

Recent Posts

  • URISA Announces 2022 Young Professional Scholarship Winners
  • Types of Skills Assessments for Recruiters to Consider 2022
  • Dota 2 Betting: Top Tips for Beginners
  • 10 Ways How Can a Student Make Money Online
  • Where to Get $800 – $900 Loan with NO Credit Check

RSS Career Tips

  • Four Characteristics of the Best Virtual Employees
  • 28 Tools to Conquer the Social Media Recruiting World
  • 8 Questions Employers Should Ask About Coronavirus
  • Jobcase Launches Free Unemployment Resource Center for Workers Impacted by COVID-19
  • Must-Have Gadgets and Technology for the Remote Office Worker


shop for geogeek swag

RSS Tech pubs

  • Increase in emergency-response time caused by insufficient staffing
  • Comprehensive Guide to New E-Discovery Technology
  • 10 Ways to Redefine Document Review

RSS Computers

  • HackerProof: Your Guide to PC Security
  • Windows... On Speed
  • The Idiot's Ultimate Guide to Build Your Own PC

RSS HR Tips

  • Increase in emergency-response time caused by insufficient staffing
  • 2022 Biweekly Payroll Calendar Template
  • How To Write a Business Case for New ATS Software

RSS Gov Tech

  • Increase in emergency-response time caused by insufficient staffing
  • 2000+ Government Customers Reveal a Roadmap to Fleet Management Success
  • Delivering Healthcare Workflow Automation and Orchestration

RSS UAV news

  • UAS Drone’s Subsidiary, Duke Robotics, to introduce the IC Drone, a revolutionary, safer, and cost-efficient drone technology for conducting routine maintenance of critical infrastructure
  • Dedrone Launches DedronePortable for Military and Commercial Entities Around the World
  • Preliminary Agenda Announced for 2022 UAS Summit & Expo

RSS Geojobs

  • IT Endpoint Technician
  • Help Desk Technician
Copyright Spatial Media LLC 2003 - 2015