Valohai, a Turku, Finland-based machine learning (ML) platform-as-a-service company, raised $1.8m in funding.
The round was led by Superhero Capital, with participation from Reaktor Ventures and Business Finland, the Finnish Funding Agency for Innovation.
Founded in 2016 by Eero Laaksonen, CEO, Valohai is advacing a SaaS platform that allows international companies to accelerate machine learning development and scale their model deployment. The scalable solution allows companies to run multiple variations of machine learning ideas in parallel, leaving developers free to focus on pushing the boundaries of their research with minimal idle time.
The platform, which requires no setup, meaning companies can start building large-scale ML models immediately, is designed to be used for peer review and open-source collaboration. The Valohai system can track changes, build reproducible algorithms, and ensure changes in team composition do not hinder the experiment process.
The company has customers in Europe, Asia, and the USA and plans to further scale the team and accelerate product development.