Iguazio, a Herliya, Israel-based provider of a high performance platform for serverless and machine learning applications, received an investment from Samsung SDS.
The amount of the deal was undisclosed.
Samsung SDS, a global software solutions and IT services company, has invested in Iguazio and will incorporate its platform into Samsung’s cloud services portfolio, powering serverless agility and data science operations for cloud native and AI-driven applications.
Led by Asaf Somekh, CEO, Iguazio provides a platform that includes data services and AI tools, empowering end-to-end serverless agility in the enterprise and real-time applications to improve performance, security, collaboration and the scalability of machine learning. It combines real-time action and AI across a variety of data sources and types in high volumes, while eliminating infrastructure management.
Iguazio powers applications for manufacturing, healthcare, pharma, insurance, financial services and telcos. In addition to Samsung SDS, the company is backed by Pitango Venture Capital, Verizon Ventures, Robert Bosch Venture Capital GmbH (RBVC), CME Ventures, Magma Venture Partners, Jerusalem Venture Partners and Dell Technologies Capital.