CitrusX Raises $4.5 Million in Seed Round

CitrusX Raises $4.5 Million in Seed Round

CitrusX, a Tel Aviv, Israel-based AI validation and explainability platform, has emerged from stealth and raised $4.5 million in seed funding. Read our article to learn more about how to raise seed funding for a startup.

The round was led by Canadian venture capital firm Awz, with participation from several angel investors. Founded in 2016, Awz Ventures is a Canadian-Israeli, multi-stage, venture capital firm investing in commercial applications of innovative AI-based, deep-tech, fintech, cyber security, and intelligence technologies.

Founded by Noa Srebrnik and Gilad Manor, CitrusX offers an end-to-end platform to address the challenges associated with the deployment of machine learning (ML) models in production, ensuring they are validated, explainable, and fair. The platform caters to all stakeholders in an organization's AI pipeline, providing accessible reports that explain the model's functionality, performance, and alignment with business outcomes. CitrusX is already working with publicly listed companies in regulated industries such as finance and security.

Funding Details

Company: Citrusˣ Ltd.

Raised: $4.5M

Round: Seed Round

Funding Month: December 2023

Lead Investors: Awz Ventures

Additional Investors:

Company Website: https://www.citrusx.ai/

Software Category: AI/ML Risk Management