Domino Data Lab Raises $43m

In San Francisco, enterprise data science management platform Domino Data Lab has raised $43m in a new round of funding.

Domino's flagship open technology platform centralizes data science work and infrastructure across the enterprise, enabling data scientists to experiment, collaborate and deploy models faster for customer support and engagement, product development and research, IT systems and operations management. The platform now features the ability to fire up Spark distributed data processing clusters for analysis in just one click, while the firm's recently launched Domino Model Monitor platform helps data scientists monitor the performance of all models across an entire organization, preventing AI models from exhibiting bias or degrading over time.

New funding was led by Highland Capital Partners, with participation from Highland Europe, and Dell Technologies Capital - the investment arm of long-time customer and partner Dell - as well as existing investors Sequoia Capital and Coatue Management. It brings the total amount raised to date to $128m.

Nick Elprin (pictured), co-founder and CEO of Domino Data Lab, comments: 'As the world's most sophisticated companies are increasingly investing in data science as a competitive advantage, it's clear they need new capabilities to manage their models and scale their research. And this latest funding will let us accelerate development of more innovative products for our customers'.

Web site: www.dominodatalab.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.