Comet, a NYC-based provider of MLOps solutions, raised $13M in Series A funding.
The round was led by Scale Venture Partners and existing investors including Trilogy Equity Partners and Two Sigma Ventures. In conjunction with the funding, Andy Vitus of Scale Venture Partners will be joining Comet’s Board of Directors.
The company intends to use the funds to accelerate and scale product development, sales, marketing, and engineering functions.
Led by Gideon Mendels, CEO and co-founder, Comet provides a self-hosted and cloud-based MLOps solution that enables data scientists and teams to track, compare, explain and optimize experiments and models. The company’s insights and data enable users to build accurate AI models while improving productivity, collaboration and visibility across teams.
In addition to the funding, Comet announced the acquisition of Stakion, a model production monitoring company based in the U.K. The acquisition supports the company’s newest product innovation, Comet Model Production Monitoring, which will enable organizations to track and monitor the quality of models after they have been deployed in production.