Katonic.ai Raises $1.6 Million in Pre-series A 

by Kay Aloha Villamor in December 23rd, 2022

Katonic.ai, a Sydney, Australia-based enterprise machine learning operations (MLOps) platform startup, announced that it raised $1.6 million in a pre-Series funding round led by Artesian, with support from Boab AI.

The funding will enable Katonic to expand its products and services, hire additional talent, and grow its customer base. 

Furthermore, with the support of Artesian and Boab AI, Katonic is now well-positioned to take advantage of global opportunities and capture a larger share of the multi-billion dollar MLOps market.

Katonic's founder and CEO Prem Naraindas expressed his enthusiasm for what this investment means for their team: “We have worked hard to build our product and are now focused on deliveringit to as many clients as possible. We’re on a strong growth trajectory and are thrilled to have the support of Artesian and Boab AI. This round of funding will enable us to take our product and services to a new level, helping our customers achieve better and faster business results through AI-powered applications.”

The company MLOps platform is designed to break these silos and help companies streamline the entire data science process and is designed to help companies develop and manage AI-powered applications more efficiently and effectively.

Katonic.ai was recently announced as the only Asia-Pacific company to be featured in the prestigious Everest Group’s MLOps Products PEAK Matrix 2022.

Company: Katonic Pty Ltd

Raised: $1.6M

Round: Pre-series A 

Funding Month: December 2022 

Lead Investors: Artesian

Additional Investors: Boab AI

Company Website: https://katonic.ai/

Software Category: Machine Learning Operations (MLOps) platform

About the Company: Founded by Prem Naraindas, Katonic.ai is an Australian AI-ML ISO 27001 company helping businesses realize the value of enterprise AI faster, with proven and practical approaches to create new applications and achieve breakthrough innovations. Katonic's Machine Learning operations platform (MLOps) platform is a collaborative platform with a Unified UI to manage all data science in one place. Katonic MLOps Platform is for customers and developers to introduce the MLOps practice into their production systems. The platform provides customers with a comprehensive suite of tools that support the entire lifecycle of AI development, including data acquisition, automation, deployment, and monitoring. Its platform combines the creative scientific process of data scientists with the professional software engineering process to build and deploy machine learning models into production safely, quickly, and sustainably.

Source: https://www.einnews.com/pr_news/607617748/australian-mlops-startup-katonic-ai-raises-1-6-million-pre-series-a-funding

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