Kolena Announces $15M Series A to Revolutionize AI Testing

September 26, 2023Client News

Gunderson Dettmer represented client Kolena, a pioneering leader in AI and machine learning model testing, in its $15 million Series A financing led by Lobby Capital. Kolena provides robust, end-to-end ML model testing for computer vision, generative AI, natural language processing, LLMs, and multi-modal models to ensure trustworthiness and reliability in an increasingly AI-driven world. The new capital will be used to accelerate the development of its revolutionary AI testing and validation solution, helping developers build safe, reliable, and fair AI systems.

In the announcement of the transaction, Kolena co-founder and CEO Mohamed Elgendy said, "We are thrilled to have secured $21 million in funding to further accelerate our efforts to enable AI developers around the world to build reliable AI systems. This investment will allow us to invest in research and development to build a systematic and rigorous AI quality framework along with toolings that empower businesses to build AI systems that society can trust, thereby accelerating AI adoption."

The Gunderson Dettmer deal team was led by Randall Clark and included Rosie Stein, Valerie Wood, Allison Giebisch, Tori Stringfellow and Caitlin Peltz.

Lobby Capital