raises $20 million in a Series A funding round led by 468 Capital
SaaS News -MLOps-startup-Iterative-ai-nabs-$20M (source: SaaS Industry)
At a Glance has raised a $20 million Series A round of investment from 468 Capital. MLOps has the advantage of putting operations workers at the forefront of best practices inside a company. The company claims that its solutions are utilized by over 1,000 businesses and have more than 200 contributors., an MLOps (Machine Learning Operations) company, has raised $20 million in a Series A funding round led by 468 Capital. Other participants include True Ventures and Afore Capital. 

Iterative maintains various products meant to handle MLOps concerns, including Continuous Machine Learning (CML), DVC.

The benefit of MLOps, according to Iterative CEO Dmitry Petrov, is that it places operations staff at the forefront of best practices inside an enterprise. With a wiser division of knowledge and collaboration between operations and data teams, the bottleneck caused by machine learning algorithms is alleviated, and MLOps closes the loop.

Data Version Control (DVC) DVC Studio, a dashboard targeted at facilitating machine learning model creation based on data and metrics, will be supported by the firm, according to the company.

AI platforms and solutions are built outside of the software development technology stack. It creates a wall between ML researchers and software engineers. It prevents machine learning folks from using best practices and tools from software development. Our goal is to break this wall and create the best collaboration environment for machine learning folks and software engineers. As a result of the pandemic, companies are paying more attention to automation. MLOps is becoming a more mature area and attracting more interest from companies.

Dmitry Petrov, CEO

Molecula, building cloud-based feature storage for AI and machine learning workloads, competes with Iterative. Domino Data Lab, a company offering a platform for corporations with big data science teams, is another major competitor.

Iterative says that over 1,000 enterprises use its tools and that its open-source projects have over 200 contributors and 4,000 community members.

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