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Agent-testing startup Patronus AI, founded by former Meta AI researchers, is experiencing nearly insatiable demand, its investor says.
AI agents are becoming more sophisticated. They are evolving from answering questions to autonomously executing multi-step complex tasks.
But before these agents can be trusted to book trips or conduct financial analysis on behalf of users, model providers and the startups building such agents want to ensure that they perform reliably across a vast range of scenarios.
AI labs often use benchmarks to show off their model’s prowess, but a high score, even on an agent-oriented benchmark, doesn’t actually prove that an AI can accomplish various complex, real-world jobs correctly.
Patronus AI, a startup founded in 2023 by former Meta AI researchers Anand Kannappan and Rebecca Qian, is helping model makers and companies fine-tune models to do just that by building simulated digital environments in which to evaluate the agents’ performance.
The San Francisco-based startup must be solving an important problem. Virtually every frontier AI lab and many emerging startups are now customers, according to Glenn Solomon, a managing director at Notable Capital, who describes demand for the company’s simulated environments as nearly insatiable.
Patronus’ revenue has grown 15-fold over the past year, fueling significant investor interest. On Thursday, the company announced a $50 million Series B round led by Greenfield Partners, with participation from Notable Capital, Lightspeed, Datadog, and Samsung. The round brings the company’s total funding to $70 million.