Seldon secures £16.5m in Series B funding to continue expansion
Seldon, a data-centric machine learning operations (MLOps) platform, has secured £16.5m in Series B funding with significant participation from existing investors including Albion. As a category leader in the MLOps space, the funding will be used to continue to pioneer a data-centric approach to AI across Seldon’s suite of products.
Organisations are investing heavily in AI but many are struggling to scale out their models in production due to bottlenecks in team workflows, increased regulation and a lack of trust in model outputs, to name a few. Seldon empowers businesses to accelerate the adoption of machine learning to help solve these challenges with unprecedented efficiency.
Seldon has achieved a remarkable 400% YoY growth rate in its open source frameworks since its series A in November 2020. Seldon’s cutting-edge research, in collaboration with teams at Cambridge University, has been key to their innovative product development and is a central focus of the company following the raise. Seldon is also investing in customer success and strengthening the global support function.
Users report productivity gains of up to 92%, saving tens of millions of dollars on their machine learning projects. Current customers include PayPal, Johnson & Johnson, Audi and Experian, among others.
Alex Housley, Seldon’s Founder and CEO comments:
AI is in everything, and Seldon is uniquely positioned to ensure a return on ML investment by providing robust, scalable and secure infrastructure, pioneering a data-centric approach to ML pipelines.