Artificial intelligence startup Kyndi raises $20 million to advance industry's first Explainable AI platform Startups News Tech News

Kyndi, an artificial intelligence startup building the first explainable AI platform, has secured$20 million in Series B funding to expand the company's engineering and sales teams to meet growing customer demand in government, financial services and life sciences. The round was led by Intel Capital, with participation from UL Ventures, PivotNorth Capital, and existing investors. Kyndi was founded in 2014 by Arun Majumdar, Paul Tarau, Ryan Welsh, and Shafe Ramsey. The Sillicon Valley-based startup is building the first Explainable AI platform for critical government and commercial institutions. Kyndi transforms business processes by offering auditable AI solutions.