Qwak Raises $12 Million in Series A1 Funding  

by Kay Aloha Villamor in March 6th, 2023

Qwak, a New York-based company that has developed an end-to-end MLOps platform, raised $12 million in Series A1 funding, bringing its total funding to date to $27 million.

The round was led by Bessemer Venture Partners, with participation from Leaders Fund, StageOne Ventures, and Amiti.

This funding will allow Qwak to continue driving innovation and delivering value to its customers.

Qwak’s ML platform allows data science and ML engineering teams to continuously build, train, and deploy ML models and features to production at scale. 

The platform brings all stages of the MLOps lifecycle together into a single end-to-end platform that unifies all parts of ML development through to production.

“Despite our unique journeys, we shared similar challenges with building ML pipelines, which led each of us to the realization that if designed correctly, ML could equip companies with a powerful solution to dramatically enhance business goals,” said Alon Lev, co-founder & CEO of Qwak. “The breakthroughs we each witnessed were significant, and our desire to add more ML capabilities to our solutions only grew stronger.”

The Qwak platform currently offers a feature store, model registry, tools for deploying models and monitoring them in production, as well as a data pipeline orchestrator.

Company: Qwak AI Ltd.

Raised: $12.0M

Round: Series A1

Funding Month: March 2023

Lead Investors: Bessemer Venture Partners

Additional Investors: Leaders Fund, StageOne Ventures, and Amiti

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

Software Category: Data Science & Machine Learning Platform

About the Company: Founded in 2021 by Alon Lev, Yuval Fernbach, Lior Penso, and Ran Romano, Qwak offers a fully managed platform that unifies ML engineering and data operations - providing agile infrastructure that enables the continuous product ionization of ML models at scale. It allows builders to transform and store data, build, train, and deploy models, and monitor the entire Machine Learning pipeline. Qwak employs around 30 people, most of them in Israel, and its customers include NetApp, Lightricks, Yotpo, JLL, Guesty, and OpenWeb. 

Source: https://techcrunch.com/2023/03/01/qwak-raises-12m-for-its-mlops-platform/

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