Bloomberg Beta supplied follow-on funding in a $10.2m round for artificial intelligence management tool developer Fiddler Labs.

US-based artificial intelligence transparency tool developer Fiddler Labs has received $10.2m in series A funding from investors including Bloomberg Beta, the corporate venturing affiliate of media group Bloomberg.

The round was co-led by venture capital firms Lightspeed Venture Partners and Lux Capital and also featured Haystack Ventures, a venture partner of Lightspeed.

Founded in October 2018, Fiddler has created a technology that analyses, validates and monitors artificial intelligence (AI) models in a bid to ensure they are more transparent.

The…