Seldon, an Open Source DevOps company providing enterprises with the tools to manage, serve and optimise their Machine Learning models at scale, has announced a £7.1M Series A co-led by AlbionVC and Cambridge Innovation Capital.
The round also includes significant participation from existing investors Amadeus Capital Partners and Global Brain, with follow-on investment from other existing shareholders.
Seldon is a cloud agnostic Machine Learning (ML) deployment specialist which works in partnership with industry leaders such as Google, Red Hat, IBM and Amazon Web Services.
Seldon’s suite of products enhances ML deployment pipelines with best-in-class explainability, governance and monitoring functions.
Since September 2018, Seldon has experienced 38% month-on-month growth.
The £7.1M funding will be used to accelerate R&D and drive commercial expansion. Seldon will take Seldon Deploy – a new enterprise solution which builds on Seldon Core’s capabilities and automates even more ML engineering tasks – to market.
Seldon also plans to more than double the size of the team over the next 18 months, and make several strategic hires in data science research and engineering to support further rollouts. Seldon will also build out its global footprint with a new go-to-market team in the US, a solutions-based engineering team in Asia, and a new R&D lab in Cambridge, UK.
Alex Housley, CEO and founder of Seldon comments: “There’s never been a greater need to effectively deploy ML models in enterprise, and this fresh capital injection will ensure our customers have the tools they need to achieve their goals. We’ll be heavily investing in R&D so our users and the open-source community have access to cutting-edge intelligent software applications that will unlock the power of machine learning.
“As we enter a new decade the importance of explainable AI and robust monitoring tools cannot be overstated, and we’re excited to welcome Albion and Cambridge Innovation Capital as new partners as we scale our international operations”