Seldon, a London, UK-based data-centric machine learning operations (MLOps) platform for the deployment, management, monitoring, and explainability of machine learning (ML) models, announced $20 million in Series B funding.
Bright Pixel (formerly Sonae IM) led the round, with participation from existing investors AlbionVC, Cambridge Innovation Capital, and Amadeus Capital Partners.
The funds will be used to advance a data-centric approach to AI across Seldon's product suite.
"AI is in everything, and Seldon is uniquely positioned to ensure a return on ML investment by providing robust, scalable, and secure infrastructure, pioneering a data-centric approach to ML pipelines, prioritizing team collaboration across the organization, and making sure teams are able to solve meaningful problems at scale by building trust in machine learning, even under the most intense regulatory conditions". says Alex Housley, Seldon's Founder, and CEO. "We're excited to bring together new investor Bright Pixel Capital and our existing partners, who believe in our vision and can help us become the trusted MLOps partner of any organization worldwide."
Seldon empowers Data Scientists, ML Engineers, and other business stakeholders to accelerate the adoption of machine learning and is powering the full production lifecycle in some of the biggest organizations worldwide.
Company: Seldon Technologies Ltd
Raised: $20.0M
Round: Series B
Funding Month: March 2023
Lead Investors: Bright Pixel
Additional Investors: AlbionVC, Cambridge Innovation Capital, and Amadeus Capital Partners
Company Website: https://www.seldon.io/
Software Category: Machine Learning Operations (MLOps) Software
About the Company: Founded in 2014, Seldon is a set of machine learning tools designed to simplify and accelerate the process of deploying and managing your machine learning models. Seldon transforms the process of deploying, monitoring, explaining, and managing machine learning models at scale. Seldon has already helped to bring millions of unique ML models to production for hundreds of enterprises globally. Users report productivity gains of up to 92%, saving tens of millions of dollars on their machine-learning projects. The company’s mission is to accelerate the adoption of ML to improve business performance and manage risk. Seldon current customers include PayPal, Johnson & Johnson, Audi, and Experian, among others.
Source: https://www.prnewswire.com/news-releases/seldon-secures-20-million-in-series-b-funding-led-by-bright-pixel-301774266.html