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[1]
Former Tesla, Google engineers raise $4 million for AI-text detection startup Pangram
June 24 (Reuters) - Pangram, a startup founded by former Tesla and Google employees, has raised about $4 million in seed funding to expand its tools that detect AI-generated text as schools and businesses grapple with the surging use of applications such as ChatGPT. The seed round was led by venture capital firm ScOp and was joined by Script Capital as well as Cadenza, Pangram said on Tuesday. Haystack VC was a lead investor in the initial pre-seed round, it added, without disclosing its valuation. With AI-generated text flooding classrooms and offices, schools and businesses are scrambling to tell human writing from machine output, fueling demand for tools that verify authorship. Pangram, whose customers include question-and-answer website Quora and trustworthiness rating service NewsGuard, is betting its active learning algorithm will give it an edge over dominant industry players such as Turnitin. The company uses a feedback loop that helps its system learn from tricky examples by creating similar ones to train on. It also builds on open-source models to keep computing costs down. "What makes great machine learning products in general is great data. And I think that's like where we've kind of focused most of our effort," co-founder and technology chief Bradley Emi said in an interview. Emi, a former Tesla engineer, co-founded Pangram with fellow Stanford graduate Max Spero. He said the startup, which has eight employees, will use the new funds to grow its team and expand its offerings, including the consumer-facing business. The company charges individuals $15 a month for up to 600 AI scans, while professional and developer plans are priced at $45 and $100, respectively, its website shows. Reporting by Aditya Soni in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Media & Telecom
[2]
Former Tesla, Google engineers raise $4 million for AI-text detection startup Pangram
Pangram, a startup founded by former Tesla and Google employees, has raised about $4 million in seed funding to expand its tools that detect AI-generated text as schools and businesses grapple with the surging use of applications such as ChatGPT. The seed round was led by venture capital firm ScOp and was joined by Script Capital as well as Cadenza, Pangram said on Tuesday. Haystack VC was a lead investor in the initial pre-seed round, it added, without disclosing its valuation. With AI-generated text flooding classrooms and offices, schools and businesses are scrambling to tell human writing from machine output, fuelling demand for tools that verify authorship. Pangram, whose customers include question-and-answer website Quora and trustworthiness rating service NewsGuard, is betting its active learning algorithm will give it an edge over dominant industry players such as Turnitin. The company uses a feedback loop that helps its system learn from tricky examples by creating similar ones to train on. It also builds on open-source models to keep computing costs down. "What makes great machine learning products in general is great data. And I think that's like where we've kind of focused most of our effort," cofounder and technology chief Bradley Emi said in an interview. Emi, a former Tesla engineer, co-founded Pangram with fellow Stanford graduate Max Spero. He said the startup, which has eight employees, will use the new funds to grow its team and expand its offerings, including the consumer-facing business. The company charges individuals $15 a month for up to 600 AI scans, while professional and developer plans are priced at $45 and $100, respectively, its website shows.
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Pangram, a startup founded by ex-Tesla and Google employees, has raised $4 million in seed funding to develop AI-generated text detection tools, addressing the growing need for authorship verification in schools and businesses.
Pangram, a startup founded by former Tesla and Google employees, has successfully raised approximately $4 million in seed funding. The company, which specializes in developing tools to detect AI-generated text, aims to address the growing challenges faced by schools and businesses in distinguishing between human and machine-written content 12.
The seed round was led by venture capital firm ScOp, with participation from Script Capital and Cadenza. Haystack VC, which was a lead investor in the initial pre-seed round, also contributed to this funding. The company has not disclosed its valuation 12.
With the increasing prevalence of AI-generated text in classrooms and offices, there is a surging demand for tools that can verify authorship. Pangram is positioning itself to meet this need, competing with established players like Turnitin 1.
The startup's competitive edge lies in its active learning algorithm. Bradley Emi, co-founder and technology chief, explained, "What makes great machine learning products in general is great data. And I think that's like where we've kind of focused most of our effort" 1.
Source: Economic Times
Pangram employs a feedback loop that enables its system to learn from challenging examples by creating similar ones for training. This approach allows the AI to continuously improve its detection capabilities. Additionally, the company leverages open-source models to maintain lower computing costs 12.
Pangram was co-founded by Bradley Emi, a former Tesla engineer, and Max Spero, both Stanford graduates. The startup currently has eight employees and counts Quora and NewsGuard among its customers 12.
With the new funding, Pangram plans to expand its team and broaden its offerings, including the development of its consumer-facing business 1.
Pangram offers a tiered pricing model for its services:
As AI-generated content becomes increasingly sophisticated and ubiquitous, tools like Pangram's are likely to play a crucial role in maintaining the integrity of written communication across various sectors.
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