San Francisco evaluation startup Vals AI announced a $40 million Series A funding round at a $400 million post-money valuation, led by Andreessen Horowitz.
The round included participation from existing seed backers 8VC, Pear VC, and Bloomberg Beta, alongside new institutional investors HRT Ventures and Next Ladder Ventures. The financing brings total capital raised by the company to $45 million, following a $5 million seed round.
Founded by Stanford computer science graduates Rayan Krishnan and Langston Nashold, Vals AI develops automated benchmarking infrastructure designed to grade foundation models and autonomous AI agents on complex, domain-specific enterprise tasks rather than static academic multiple-choice examinations.
Addressing Benchmark Saturation and Data Contamination
The rapid escalation of frontier model training has created a measurement bottleneck across the AI industry. Standard academic benchmarks, such as MMLU or GSM8K, frequently suffer from test set contamination, benchmark saturation, or narrow question formats that fail to reflect production failure modes.
Vals AI addresses this by pairing domain specialists in law, finance, healthcare, and software engineering with automated scoring engines. To prevent models from overfitting or memorizing test sets, the company maintains private evaluation suites that are periodically retired when top-tier models achieve saturation. In May, for example, the firm retired its CorpFin corporate finance benchmark in favor of a dynamic Excel-modeling evaluation suite once frontier systems consistently maxed out the initial test criteria.
Commercial Expansion, Tool Releases, and Safety Indices
Alongside the Series A financing, Vals AI launched three core products to expand its testing ecosystem:
- Vals Smith: A generally available developer tool that automatically constructs custom coding benchmarks from any GitHub repository, allowing engineering teams to evaluate model accuracy against their proprietary codebases and dependencies.
- Frontier Risk Benchmarks: A security and safety suite that includes the RSI Index developed in collaboration with CoreWeave, an academic-partnered reverse-engineering cyber evaluation harness, and testing protocols for mental health applications.
- Vals Index 2.0: A revamped benchmarking portal and macroeconomic index tracking model capability across enterprise sectors.
According to the company, evaluation results from Vals AI have been incorporated into commercial model cards published by OpenAI, Anthropic, Google, Meta, and xAI. Enterprise customers utilize the platform to select foundation models for production workloads, while policymakers in the U.S. Department of Commerce and Congress have referenced the firm's findings for AI risk assessments.
Vals AI reported an eightfold increase in revenue relative to all of 2025, alongside a doubled customer base and a tripling of its engineering headcount over the past six months. The technical team includes former engineers and researchers from Palantir, Microsoft, Nvidia, Meta, and Hudson River Trading.
