Interative raises $ 20 million in Series A funding

Iterative, a San Francisco, Calif. based MLOps company dedicated to streamlining the workflow of data scientists and machine learning (ML) engineers, has raised $ 20 million through the Series A funding round .

The round was led by 468 Capital and Florian Leibert, ex-founder of Mesosphere, an infrastructure start-up based on the open source software Apache Mesos, with the participation of previous investors True Ventures and Afore Capital, bringing the total funding. over $ 25. mr.

The company will use the funding for development and growth.

Led by CEO and Founder Dmitry Petrov, Iterative is the company behind the development of Data Version Control (DVC) and Continuous Machine Learning (CML), open source tools to streamline the workflow of data scientists. It integrates ML workflows into current software development practices instead of creating a separate AI platform. With employees in 14 countries across Europe, Asia and the United States, Iterative extends traditional software tools such as Git, CI / CD (collaboration and continuous integration and continuous delivery) to meet the needs of researchers in ML, ML engineers and data scientists.

The company also today introduced its first commercial product, called DVC Studio, a visualized UI (user interface) of DVC and CML that simplifies the development of ML models and improves collaboration. Data scientists typically use Git and GitHub or GitLab to collaborate on their source code – DVC Studio extends this collaborative functionality based on data and metrics.

FinSME

06/03/2021


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