KOSA AI, Kenyan startup raises pre-seed funding round to tackle “AI bias”
Established in Nairobi by Layla Li and Sonali Sanghrajka, the KOSA AI provides organisations with more inclusive solutions for healthcare, employment and hiring, credit and risk, and insurance.
A hurdle to AI adoption is insufficient internal knowledge for building and developing AI models and managing data complexity, given that organisations worldwide are increasingly using AI solutions. AI bias — impacting large as well as small companies, is one result of this.
Biologically, the outcome of artificial intelligence algorithms is the development of systematic prejudice and injustice. This can be attributed to faulty training or real-world data used to create the IA, or to the deliberate or unconscious preference of AI developers.
With the aid of KOSA AI, businesses may discover, audit, and clarify distortions in their AI models and then take remedial actions to rectify or reduce the distortion. In addition, the startup can help the company analyze its AI models for any distortion following distribution.
To grow its platform, EchoVC Partner and APX, Dale Matthias, Fineday Ventures,The Continent Venture Partners, and Arch Capital have raised their pre-seed financing round.
“We view KOSA as a multi-vertical, layered approach to participating in the AI sector. Our investment thesis is centered on backing two exceptional founders, tackling a difficult – yet inevitable – problem; in a massive opportunity set,” EchoVC said in a statement.
