OpenAI launches canvas, Cohere’s compact model, and more fundraising: This week’s AI launches

Gentrace, a developer platform that allows entire product teams to collaborate on AI testing and monitoring, announced an $8 million Series A funding round this week. The funding round was led by Matrix Partners, and brings the startup’s total funding to $14 million.

With the Gentrace platform, product managers, subject matter experts, designers, and quality assurance can all collaborate on evaluating AI model performance with engineering teams.

The startup also launched Experiments, a tool enabling collaborative large language model (LLM) testing. The tool allows teams to preview test outcomes before deploying models and anticipate errors, among other features.

“Generative AI represents a paradigm shift in software development, but the reality is there’s way too much noise and not enough signal on how to test and build them easily or correctly,” Doug Safreno, co-founder and chief executive of Gentrace, said in a statement. “We’re not just creating another dev tool — we’re reimagining how entire organizations can collaborate and build better LLM products.”