Union.ai, a Bellevue, Washington-based company that extends companies' ability to create next-generation AI and data products at scale, announced that it has raised $19.1 million in Series A funding.
The financing was led by NEA and Nava Ventures in order to fuel growth and its expanded offerings.
This infusion of capital will fuel growth, accelerate innovation, help us expand our offerings and continue to support Flyte OS to further enhance its capabilities.
Alongside this funding, Union AI also announced the general availability of Union Cloud for North American and European customers of AWS and GCP.
Union Cloud is a transformative technology platform that empowers organizations to deliver highly reliable and impactful products that leverage the latest AI technologies at low cost, high quality, and rapid velocity. It also empowers organizations to carry out a broad range of sophisticated tasks without the need for extensive infrastructure or dedicated Kubernetes teams.
"During this period we learned about problems like observability, governance and infrastructure maintenance that impede realization of value from AI," said Union AI CEO Ketan Umare. "Our accelerated momentum reflects on the success of Flyte, the popular open-source workflow orchestration platform, and we are seeing an even broader range of customers expressing excitement about Union Cloud as a new managed solution that is powered by Flyte."
Union Cloud delivers all the power and capabilities of Flyte orchestration to companies that don’t want to invest in building and maintaining their infrastructures.
Company: Union Systems Inc.
Raised: $19.1M
Round: Series A
Funding Month: May 2023
Lead Investors: NEA and Nava Ventures
Additional Investors:
Company Website: https://union.ai/
Software Category: Orchestration Platform
About the Company: Founded in 2021 by Ketan Umare, George Snelling, Haytham Abuelfutuh, Katrina Rogan, and Yee Hing Ton, Union AI provides a unified orchestration platform for ML workflows, data pipelines, and ML-driven products. The company is revolutionizing the way organizations approach machine learning and data orchestration with Union Cloud, a managed version of the innovative Flyte platform. This unique, Kubernetes-native solution simplifies the processes of data scientists and machine learning engineers, ensuring seamless and efficient workflow automation. With a proven track record of success among market-leading companies, Union.ai continues to be the driving force behind Flyte's development and adoption.
Source: https://union.ai/blog-post/union-ai-announces-19-1m-series-a-and-launches-all-new-union-cloud-to-simplify-ai-and-data-workflows-for-all