Pachyderm, a San Francisco, CA-based enterprise-grade, open source platform that enables scalable data science, raised $16m in Series B financing.
The round was led by M12, Microsoft’s venture fund, with participation from Jon Sakoda of Decibel Ventures, Benchmark and YCombinator, among others. M12’s investment was led by Microsoft Corporate Vice President and the fund’s Global Head Nagraj Kashyap, who will join Pachyderm’s board of directors.
The company intends to use the funds to accelerate hiring, continue building Pachyderm Hub and expand on its vision to provide enterprises with explainable and repeatable data processing at scale.
Launched in 2014 by Joey Zwicker, Pachyderm provides a machine learning powered platform for AI development teams at enterprise customers including Shell, LogMeIn, Battelle Ecology and AgBiome, as well as multiple government agencies, pharmaceutical and bioinformatics companies, two major North American banks, and others within the Fortune 500 to recreate data science experiments and comply with emerging AI legal standards.
The platform brings together version control for data with the tools to build scalable end-to-end machine learning and artificial intelligence pipelines while enabling users to use any language, framework, or tool they want.
The funding follows the launch and the general availability of Pachyderm Hub, the company’s fully-managed service solution that has been operating in public beta since November, and is available today. With Pachyderm Hub, individuals and enterprise teams can get a Pachyderm cluster on-demand without having to take on the operational burden of managing their own infrastructure.
FinSMEs
19/08/2020