Deepchecks for Validating ML Raised $14m, and Canva Launched New Developer Tools and a $50 Million Investment Fund

Hello! 🙋We have the following updates for you today! 📣

• Deepchecks for validating ML raised $14M.
• Canva launches new developer tools and a $50 million investment fund.

Deepchecks for Validating ML Raised $14m

Deepchecks offers a solution for validating machine learning (ML), encompassing testing, integration with continuous integration/continuous delivery (CI/CD) systems, and monitoring. With the exponential growth of machine learning models, ensuring that the models operate as intended has become indispensable.

The company recently disclosed securing $14M in seed funding, marking its latest milestone.

Deepchecks provides a comprehensive platform for consistently testing models, from their development phase to their deployment in production. Users can conveniently execute test suites directly from a notebook or integrated development environment (IDE) on their data and models.

Deepchecks’ commercial product, Deepchecks Hub, provides additional functionalities tailored for commercial environments. These include scalable deployment options, the validation of multiple models concurrently, robust security features, and reliable support.

Deepchecks extend support to various data types, including tabular data, computer vision data, and natural language processing (NLP) data.

Canva Launched New Developer Tools and a $50 Million Investment Fund

With a decade of experience in the industry and has secured approximately $570 million in funding while attracting approximately 135 million users, Canva has established itself as a highly prosperous and extensively embraced platform among graphic designers.

Presently, Canva has unveiled a fresh SDK, bolstered APIs, and allocated a $50 million fund aimed at fostering innovative concepts. The announcement encompasses five APIs, namely Asset for media uploads to the Canva library, Data for integrating into Canva, Design for developing new design tools atop Canva, Fetch for executing HTTP requests, and User for authentication purposes.

The company collaborated with developers for nine months on the beta version. Currently, there is a waitlist of 10,000+. Developer tools are now available to the public starting today.

For more updates, check out the Latest Tech category.