Root Signals raises $2.8m from Angular Ventures and Business Finland to scale generative artificial intelligence evaluation platform
Angular Ventures led the round with participation from Business Finland to support product development and market expansion.
≈ £2.1M at $1 = £0.7590 on 5 Sep 2024
Root Signals develops evaluation software for enterprise generative artificial intelligence applications. The company builds automated measurement tooling to help businesses monitor and control large language models.
Root Signals has secured $2.8m in funding to scale its generative artificial intelligence evaluation platform. Angular Ventures led the round, with additional backing from Business Finland.
The capital will be directed towards enhancing the company platform, accelerating model development, and expanding sales and marketing operations. Root Signals provides EvalOps, a system designed to help enterprises measure and monitor large language model applications reliably.
The business was founded in 2023 by artificial intelligence researchers and engineers to address reliability challenges faced by corporate adopters of generative technology.
From the founder
"While measuring AI behaviour is one thing, our users constantly ask: ‘How can I or my customers trust your AI itself?’ So, unlike other players, we baked self-measurability into the core of our evaluation engine."
Oguzhan Gencoglu
Head of AI at Root Signals
Investor perspective
"Everyone knows 90% of enterprise GenAI projects are stalling. To succeed, enterprises will need to implement LLM-specific evaluation tooling, which is not easy to begin with. Doing this well enough for enterprise use cases means building a robust constellation of LLM judges, and few enterprises have sufficient know-how to do this. Fortunately for them, the Root Signals founders have been thinking about this problem for 20 years."
Gil Dibner
Gil Dibner of Angular Ventures, Angular Ventures
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Invest in sales and marketing
Investors
About the company
Root Signals
Root Signals builds automated evaluation tooling to help enterprises measure and control generative artificial intelligence performance.