Growth Funds for Data Science Platform Iguazio

Israel-based data science platform Iguazio has raised $24m in a round of funding it will use to drive growth and expand its reach to new global markets.

The firm's platform enables data scientists to develop, deploy and manage artificial intelligence (AI) applications at scale. Its product suite collects data and prepares it on- or off-line to deliver automated AI model training, while presenting it using third-party analytics and data science frameworks.

Iguazio's new round of funding was led by INCapital Ventures, with participation from existing and new investors, including Samsung SDS, Kensington Capital Partners, Plaza Ventures and Silverton Capital Ventures. This latest investment brings the firm's total raised to date to $72m.

Asaf Somekh (pictured), co-founder and CEO of Iguazio (pronounced 'ee-gwa-zee-o'), comments: 'This is a pivotal time for AI. Our platform helps data scientists push the limits of their real-time AI applications and see their impact in real business environments. With support from INCapital, Kensington Capital Partners, and our other investors, we are ready to expand our international team and reach our ambitious goals'.

Web site: www.iguazio.com .

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