Kyndi raises $20M

192

Kyndi, an artificial intelligence company building an explainable AI platform for government, pharmaceutical, and financial services organizations, has raised $20 million in Series B funding. The investment was led by Intel Capital, with participation from UL Ventures and PivotNorth Capital.

Typically, AI companies use black box algorithms; where the decision-making process or an output is just derived at by the AI system. How the system comes to the results is a black box; and can not be explained by the researchers. Kyndi says it offers auditable AI systems; making the results explainable.

Kyndi solutions include risk assessment, research, threat assessment, and intelligent process automation.

Founded in 2014, Kyndi is based in San Mateo, California.

[Image courtesy: Kyndi]