March 13, 2025: Arize AI Acquires Velvet for Enhanced AI Tools - Arize AI has acquired Velvet to enhance its AI observability and evaluation platform. Arize, established in 2020, specializes in diagnosing and improving large language models. Velvet, founded in 2023, provides a developer-centric AI observability platform for model analysis. The acquisition strengthens Arize's team and services, with Velvet's CTO, Chris Hendel, taking charge of platform engineering at Arize. This move responds to the industry's increasing demand for advanced AI monitoring and evaluation tools. It offers a unified platform for efficient AI infrastructure management. Terms of the acquisition were not disclosed.
