intelligence360
  • SUBSCRIBE
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Distributional Raises $11M Seed Round led by Andreessen Horowitz to Make AI Safe, Secure and Reliable

Distributional Raises $11M Seed Round led by Andreessen Horowitz to Make AI Safe, Secure and Reliable

December 15, 2023 Craig Etkin

December 14, 2023 07:00 AM Pacific Standard Time

SAN FRANCISCO–(BUSINESS WIRE)–Today, Distributional announced that it has raised $11 million to build the modern enterprise platform for artificial intelligence (AI) testing and evaluation, with the goal of making all forms of AI safe, secure and reliable. The Seed round was led by Andreessen Horowitz with participation from Operator Stack, Point72 Ventures, SV Angel, Two Sigma, Willowtree Investments and dozens of AI leaders as angel investors.

“A number of AI product managers that I have spoken with have told me models are failing in production with increasing regularity”

“I directly experienced this testing problem while applying AI at Yelp, optimizing models for customers at SigOpt and running a hundred-person AI & HPC engineering team at Intel,” says Scott Clark, Co-Founder and CEO of Distributional. “I learned that to robustly test AI I needed to evaluate distributions of outcomes and that there is no purpose-built software for this task.”

AI is complex, unpredictable and constantly changing. Whether due to hallucinations, instability, inaccuracy, or dozens of other potential challenges, it can be hard to identify, understand and address AI risk. To meet this challenge, some AI product teams rely on insights gathered during training that rarely translate to model behavior in production. Others rely on monitoring to quickly catch errors in production, but this leaves their customers exposed to potential harm or a poor user experience. And some teams run bespoke tests on their models prior to production, but these tests are inconsistent, incomplete and insufficient.

“Lack of reliability in AI systems is one of the biggest barriers to widespread enterprise adoption,” says Martin Casado, General Partner at Andreessen Horowitz. “We are excited for Distributional to address this problem by building a platform for robust and repeatable AI testing.”

Distributional is working with more than a dozen design partners to build an active testing platform that makes it easy for AI product teams across finance, technology, energy and manufacturing industries to get a complete view of AI risk. The platform will handle all model types, including statistical models, machine learning, deep learning, large language models and other forms of generative AI. With Distributional, AI product teams will continuously catch and address issues before production.

“A number of AI product managers that I have spoken with have told me models are failing in production with increasing regularity,” says Noah Carr, partner at Point72 Ventures. “As a result, I believe generative foundation models are becoming more critical. As demand for implementations grows, so does the potential risk that applications leveraging these models will be pulled offline due to issues related to model shift or exposure to misinformation. We are excited to back Distributional’s efforts to enable these teams to catch such issues before their customers do.”

Distributional was founded by CEO Scott Clark and an 11-person founding team with experience testing complex AI systems at Bloomberg, Google, Meta, Intel, SigOpt, Slack, Stripe, Uber and Yelp. Scott previously co-founded the pioneering AI startup SigOpt, which was funded by Andreessen Horowitz in 2016 and acquired by Intel in 2020.

Distributional is remote first and will use the investment to further develop its product and grow its team. The company plans to launch its enterprise product in the second half of 2024.

For more information, please visit distributional.com.

About Distributional

Distributional is building the modern enterprise platform for AI testing and evaluation to make AI safe, secure and reliable. As the power of AI applications grows, so does the risk of harm. AI product teams use our platform to proactively and continuously identify, understand and address AI risk before it harms their customers in production. Distributional is backed by Andreessen Horowitz, Operator Stack, Point72 Ventures, SV Angel, Two Sigma, Willowtree Investments and dozens of AI leaders. Distributional was founded in September 2023 by a team with experience testing AI systems at Bloomberg, Google, Intel, Meta, SigOpt, Slack, Stripe, Uber and Yelp.

Contacts

press@distributional.com
distributional.com

(c)2023 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Distributional, San Francisco, Venture Capital

Post navigation

NEXT
Bluebird Network Secures $285M in Senior Secured Credit Facilities
PREVIOUS
The GEO Group Amends Senior Revolving Credit Facility
Comments are closed.
Subscribe for FREE!

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • Mergers and Acquisitions (M&A): Quantum Computing Inc. (NASDAQ: QUBT) Completes Acquisition of NuCrypt March 17, 2026
  • Mergers and Acquisitions (M&A): Semtech (NASDAQ: SMTC) Acquires HieFo Corporation for $34 Million March 17, 2026
  • Mergers and Acquisitions (M&A): Knife River Corporation (NYSE: KNF) Acquires Morgan Asphalt Inc March 17, 2026
  • City of Houston to spend $14 Million to occupy 32,016 square feet of space in Houston Texas. March 17, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.