Iguazio Raises USD 24M for its Data Science Platform

Iguazio, the data science platform for real time machine learning applications, has announced that it has raised USD 24M of funding, the company said.

The round was led by INCapital Ventures, with participation from existing and new investors, including Pitango, Verizon Ventures, Magma Venture Partners, Samsung SDS, Kensington Capital Partners, Plaza Ventures and Silverton Capital Ventures. The funds will be used by Iguazio to accelerate its growth and expand the reach of its data science platform to new global markets.

The demand for AI applications is on the rise. According to Gartner, AI augmentation alone will create USD 2.9 trillion of business value in 2021. However, there are still many challenges in deploying AI solutions in an effective and scalable way.

The Iguazio data science platform helps data scientists create real-time AI applications while working within the familiar machine learning Stack they know and love. The platform has been deployed by enterprises spanning a variety of verticals, including financial services and telecommunications.

The Iguazio Data Science Platform enables enterprises to develop, deploy and manage AI applications at scale. With Iguazio, companies can run AI projects in real time, deploy them anywhere; multi-cloud, on-prem or edge, and bring to life their most ambitious data-driven strategies. Find out more on www.iguazio.com