# WhyLabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/whylabs

- Industry: Software
- Headquarters: Seattle, US
- Website: www.whylabs.ai
- Total disclosed funding: $14M
- Latest round: Series A (Nov 4, 2021)
- Investors on record: 5

## About

WhyLabs, Inc., based in Seattle, US, specializes in AI observability and security solutions, enhancing the performance and reliability of AI applications across various industries.Founded in 2019, WhyLabs, Inc. focuses on AI observability, providing services that ensure the performance and security of AI systems. The company was established by Alessya Visnjic, who has a prior entrepreneurial background. Since its inception, WhyLabs has secured USD 14.00 mn in funding, with its latest round concluded on June 14, 2023, led by investors including AI Fund, Bezos Expeditions, and Madrona Venture Group. The firm has completed 3 deals in total.WhyLabs specializes in AI observability and security solutions, focusing on enhancing the performance and reliability of AI applications. Key offerings include the WhyLabs AI Control Center enabling users to monitor and secure AI systems, particularly in generative AI and large language models (LLMs). The platform features tools such as whylogs for data logging, LangKit for LLM monitoring, and OpenLLMTelemetry for real-time system tracing. WhyLabs serves a diverse clientele, including Fortune 500 companies across financial services, logistics, retail, and healthcare sectors, primarily marketing its products in North America, Europe, and parts of Asia.WhyLabs generates revenue through a subscription-based model, allowing clients access to its suite of AI observability tools and services. The pricing caters to enterprises of various sizes, offering individual product packages and comprehensive solutions. Central offerings like the WhyLabs AI Control Center and LangKit are significant contributors to their revenue, as they provide capabilities for monitoring AI performance and ensuring compliance. Clients typically engage through direct partnerships, facilitating seamless integration into existing AI workflows and fostering long-term relationships for ongoing support and updates.In June 2023, WhyLabs, Inc. raised USD 14.00 mn in venture funding to support its growth initiatives. The company plans to expand its product suite, enhancing features in the WhyLabs AI Control Center and exploring new applications for AI security. Additionally, WhyLabs aims to penetrate new geographic markets, targeting Europe and Asia for expansion by 2024. This funding will enable the company to accelerate product development and enhance its market reach.

## Funding rounds

- Series A, Nov 4, 2021, $10M — Madrona Venture Group, Bezos Expeditions, Defy., AI Fund
- Seed, Sep 23, 2020, $4M — Madrona Venture Group, Bezos Expeditions, Defy., Ascend

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A
- Bezos Expeditions — Seed, Series A
- Defy. (https://capitalatlas.ai/funds/defy) — Seed, Series A
- Ascend — Seed
- AI Fund (https://capitalatlas.ai/funds/ai-fund) — Series A