REDWOOD CITY, California, July 11, 2022 (GLOBE NEWSWIRE) – TruErawhich provides the first suite of AI quality management solutions to evaluate and manage model performance, explanability and social impact, today announced that it has been named the prestigious Fintech Power 50 2022which recognizes the most influential, innovative and powerful companies and figures in the fintech industry.
The the whole list was revealed this morning from Fintech Week London. More than 1,200 companies were nominated, and the list was then limited to only 50 honors.
“TruEra stood out for its innovative approach to ensuring AI quality and control, and for the measurable impact it has on its Fortune 500 customers,” said Mark Walker, co-founder and COO of Fintech Power 50. “We look forward to work with TruEra in the coming year, and help show how their solutions can promote AI initiatives in finance companies. “
“Financial services are rapidly adopting new technologies, such as AI, which enable them to operate more efficiently and capture new market opportunities. TruEra helps ML teams ensure that their AI initiatives provide high performance and are well managed. We help to deal with compliance with existing regulations such as fair lending laws, and help AI models stand up to increased scrutiny from financial regulators, “said Will Uppington, CEO and co-founder of TruEra. “We are proud to be recognized as a unique fintech leader who helps companies tackle some of their most difficult challenges. It is a testament to the hard work of the entire TruEra team, and of the innovative leaders in financial services firms who work with us to drive new initiatives. ”
TruEra tackles the next big challenge with the AI quality challenge. TruEra offers two solutions, one for ML model testing and evaluation and the other for ML model monitoring. TruEra’s solutions help computer science and ML teams explain, evaluate and test the performance, explanability and fairness of models in the development phase, and then help monitor their live use to ensure optimal continuous performance. Due to this unique, lifecycle approach to model quality, TruEra has been selected as the preferred supplier by several Fortune 1000 companies. In March 2022, the company was named Ideas in rapid change in the corporate world list for the second year in a row. In June 2021, TruEra was named a “cool supplier” of expert analysts by Gartner, Inc. in the report, “Cool vendors in AI management and responsible AI“Members of the company also sit on the advisory boards of the Bank of England and the Monetary Authority of Singapore, among other government agencies.
To date, TruEra has raised over $ 45 MM from top-tier investors, including Menlo Ventures, Greylock Partners, Hewlett Packard Enterprise and Wing Venture Capital, among others. The technology base for the company has its origins in academic research conducted by TruEra co-founders Anupam Datta and Shayak Sen at Carnegie Mellon University.
About TruEra
TruEra helps companies build and maintain better ML models, faster. TruEra provides the first suite of AI quality solutions that help companies analyze machine learning, improve and monitor model quality, and build trust. The TruEra platform is powered by artificial intelligence (AI) explanatory technology based on six years of research at Carnegie Mellon University, and helps eliminate the black box around widely used AI and ML technologies. This visibility leads to higher quality models that can sustainably achieve measurable business results, address unfair bias and ensure governance and compliance. To learn more, visit truera.com.
Media contact:
Michelle Faulkner
Big Swing
617-510-6998
[email protected]
An image that accompanies this announcement is available at
