Home Consumer resources YC-backed startup Bobidi raises $5.8 million to create a global bug bounty platform for AI models

YC-backed startup Bobidi raises $5.8 million to create a global bug bounty platform for AI models

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Company building global bug bounty platform to help companies validate AI models 4-10x more efficiently

LOS GATOS, CA., July 14, 2022 /PRNewswire/ — Bobidian AI model testing platform, today announced that it has raised $5.8M in start-up financing Y Combinator, We Ventures, Hyundai Motors Group ZER01NE, Scrum Companies, Experimenting with new products (NPE), Meta, Lotte Ventures, Atlas Pac Capital, and angel investors. Bobidi will use the proceeds to primarily hire talent who will lead the global bug bounty community, create customer experiences, and develop various core machine learning technologies.

Artificial Intelligence (AI) has exploded across industries, transforming the way businesses connect with their customers. However, in the rush to build, test, and distribute AI, companies often lack the resources and time to fully validate their models to ensure there is no potential bias or harm. This leads to a significant loss in consumer confidence and, in turn, damages a company’s brand. Moreover, by the time biases or flaws are discovered in the model, the damage is already irrevocable.

Founded in June 2021 by Jeong Suh Choi and Soo Hyun Bae who left their jobs at Facebook and Niantic, Bobidi is building a global bug bounty platform that helps companies validate AI models 4x to 10x more efficiently. The company’s solution allows customers to connect AI models to the global bug bounty community through an API in a secure manner. The Bobidi community can also test models and find biases (i.e. the edge cases that models miss), thanks to a transparent process that reduces the time needed for validation from months to weeks or even A few days. The platform is also more efficient because the datasets collected through the bug bounty are the new data the model needs.

“Companies that use AI technologies need large amounts of data to train and improve their AI models. However, it was previously almost impossible to guarantee that an AI model would perform well in the real world before. to deploy it due to the threat of unknown unknowns. Training and test datasets may not fully capture the complexity of the real-world problem,” said Michael Yan, Head of Technical Investments at Scrum Ventures. “Thanks to Bobidi’s extensive network of testers around the world, companies now have a way to quickly test and validate their AI models by leveraging the power of a global community.”

Bobidi believes that the best people to find flaws in the AI ​​model are those that the AI ​​model targets. Participants in the global Bobidi community also benefit from using the Bobidi platform to earn rewards. In many countries, participants are able to make $10 at $20 per hour – which is significantly higher than local wages. In addition to rewards, participants will enjoy tricking AI models (i.e. creatively finding edge cases), teaming up with others, developing their own backgrounds, and building their own identity in the community.

“The era of big data is coming to an end, and we are about to enter the new era of quality data,” Choi says. “In the new era, people are tasked with finding the best set of data to help the model and Bobidi’s unique approach of leveraging the global community is already well received by the market.”

Sunita ParasuramanHead of New Product Experimentation Investments at Meta, said, “We are thrilled to support the talented founders of Bobidi, who are helping companies better validate AI models with an innovative solution driven by people around the world. entire.”

Choi explained, “The word Bobidi is part of the Cinderella spell, ‘Bibbidi Bobbidi Boo’ which transformed anything ordinary into something extraordinary, like a pumpkin in a carriage. Like the spell, we hope to transform as per magic everything around people into a valuable data point for AI companies to create something great for the world.”

About Bobidi
Bobidi is an AI model testing platform for AI companies to securely validate models before deploying them. They leverage their global community of people to test models and find biases, making the whole process 10x more efficient.

To learn more, please visit www.bobidi.com.

SOURCEBobidi