Comet Raises $50 Million in Series B  

by Kay Aloha Villamor in November 19th, 2021

Comet, a New York-based provider of the development platform for enterprise machine learning (ML) teams, raised $50 million in Series B funding.

The round was led by OpenView, with participation from existing investors Scale Venture Partners, Trilogy Equity Partners, and Two Sigma Ventures. In addition, Ofer Bengal, Founder and CEO of Redis, and Dr. Oren Etzioni, CEO at AI2, have joined Comet as strategic advisors.

The company intends to use the funds to continue to expand operations and development efforts.

Company: Comet ML Inc.

Raised: $50.0M

Round: Series B

Funding Month: November 2021

Lead Investors: OpenView

Additional Investors: Scale Venture Partners, Trilogy Equity Partners, Two Sigma Ventures, Ofer Bengal, and Dr. Oren Etzioni

Company Website: https://www.comet.ml/site/

Software Category: Meta machine learning platform

About the Company: Led by CEO Gideon Mendels, Comet provides a platform that empowers data scientists and machine learning (ML) engineers to accelerate ML development by managing and optimizing the entire ML lifecycle, from experiment tracking to model production monitoring. Used by over 150 customers including Ancestry, Cepsa, Etsy, Uber, and Zappos, Comet has built a community of tens of thousands of users and academic teams who use the platform free of charge to accelerate research in their fields of study. Comet continues to invest in and expand its ecosystem adding additional integrations to allow customers to leverage the best frameworks, libraries, and solutions – such as Amazon Sagemaker, Catalyst, GitLab, Google Vertex AI, Keras, New Relic, Pytorch, Scikit-learn, Spark NLP and Tensorflow. These integrations allow AI development teams to choose the best tools for their use case across the ML lifecycle from model development and experimentation to monitoring models in production.

 

Source: https://www.finsmes.com/2021/11/comet-raises-50m-in-series-b-funding.html

 

 

 


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