Wallaroo Labs, a New York-based enterprise artificial intelligence (AI) and machine learning (ML) startup, announced that it raised $25 million in a Series A funding round led by Microsoft’s venture arm, M12.
New business investors Ridgeline Partners and NSS Advisors, as well as returning investors Boldstart Ventures, Contour Venture Partners, Eniac Ventures, and Greycroft, participated in the latest funding round.
The startup company plans to use the fresh business funding to invest in the company’s product, sales, and marketing. In addition, the company expects to launch a free community edition of its product.
Company: Wallaroo Labs, Inc
Raised: $25.0M
Round: Series A
Funding Month: February 2022
Lead Investors: Microsoft’s venture arm, M12
Additional Investors: Ridgeline Partners and NSS Advisors
Company Website: https://www.wallaroo.ai/
Software Category: Data Science & Machine Learning Platforms
About the Company: Founded in 2014, the startup company has developed an innovative enterprise AI platform that utilizes ML technology and analytics to transform enterprise data into business results with incredible speed and at a low cost. Wallaroo is an enterprise ML | AI platform that turns your data into business results faster, easier, and with a far lower investment. Wallaroo Labs collaborates with Fortune 500 companies across retail, finance, and manufacturing sectors. The startup company also partners with the US military to help them achieve their desired return on investment (ROI) on the company’s data and AI investments.
Source: https://startupsavant.com/news/wallaroo-machine-learning