AI company Truera emerged from stealth to launch a platform that can identify and mitigate bias in AI models. The platform, which aims to fix machine learning's "black box" problems, is already being used by several Fortune 100 customers in banking and insurance.

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• Truera, previously known as AILens, was co-founded by Anupam Datta, Shayak Sen, and Will Uppington.
• The platform is based on explainability AI research done by Datta and Sen, both of Carnegie Mellon University. It grew out of research about gender bias in online advertising.
• The company's Model Intelligence platform aims to solve black-box problems like fairness, bias, and transparency in high-quality models.
• Truera also announced a $5.1m funding round led by Greylock with additional investors including Wing VC, Conversion Capital, and Aaref Hilaly. The cash will help it expand its service