Qwak Raises $12M in Funding 

Qwak, a Tel Aviv, Israel-based end-to-end MLOps platform, raised $12m in funding.

Backers included Bessemer Venture Partners and existing investors Leaders Fund, StageOne Ventures and Amiti.

The company intends to use the funds to expand operations and its business reach.

Led by Alon Lev, co-founder and CEO, Qwak provides an ML Platform that allows data science and ML engineering teams to continuously build, train and deploy ML models and features to production at scale. By abstracting the complexities of model deployment Qwak brings agility and high-velocity to all ML initiatives designed to transform business, innovate, and create a competitive advantage.

Customers include NetApp, Lightricks, Yotpo, JLL, Guesty and OpenWeb. The company has a team of 30, and is recruiting to expand deeper into the US and European markets.

FinSMEs

02/03/2023