KNIME, a Zurich, Switzerland-based open-source data science and AI company, has secured an additional $30 million in funding, bringing its total funding to $50 million. 

Investors 

The investment was made by Invus, a private equity firm that invests in transformational opportunities in both private and public companies. Founded in 1985, Invus is active across a range of industries, including consumer and retail, technology, and healthcare. Invus has over $10 billion under management in an evergreen structure, enabling a long-term investment horizon, with offices in New York, Paris, Hong Kong, and Singapore. 

KNIME Use of Funds 

The company will use the funding to enhance its enterprise-grade AI governance and ModelOps capabilities, ensuring it remains at the forefront of innovation in the rapidly evolving data science field. 

About KNIME 

KNIME provides open-source platform designed for data analytics, reporting, and integration. It allows users to create data workflows through a visual programming interface, enabling them to perform various data processing and analysis tasks without the need for extensive coding knowledge. The company now serves nearly 400 customers and boasts a team of 250 employees worldwide. The platform's attracts customers from various industries, including prominent companies such as ASML, Audi, AMD, Lilly, Novartis, Bayer, Sanofi, Genentech, the FDA, P&G, and Mercedes-Benz. 

Funding Details 

Company: KNIME AG

Raised: $30.0M 

Round: Unknown 

Funding Month: August 2024 

Investors: Invus 

Company Website: https://www.knime.com/ 

Software Category: Data Analytics 

Source: https://www.businesswire.com/news/home/20240806957885/