Wallaroo Labs, Inc., announced it has closed $25 million in a Series A funding round, enabling the company to expand product, sales, and marketing, and to release a free community edition of its machine learning platform.
The funding round was led by Microsoft’s venture arm, M12. New investors Ridgeline Partners and NSS Advisors joined existing seed investors Boldstart Ventures, Contour Venture Partners, Eniac Ventures, and Greycroft as part of the round.
"As more companies look to operationalize ML for the first time, and others grow their current ML investments to become a fully mature capability at scale, conquering ML’s last mile will quickly become their top priority. This new funding gives us the resources to help them deliver on the promise of AI,” said Vid Jain, founder and CEO of Wallaroo Labs.
In addition to capital, M12 will be providing Wallaroo with invaluable strategic guidance and access to Microsoft’s global network.
Wallaroo is already working with the US Military and some of the largest brands in the world to help them deliver ROI on their data and AI investments. Use cases include security, fraud, pricing, marketing, NLP, recommendations, computer vision, manufacturing, marketing, and enterprise AI-as-a-service.
Wallaroo enables push-button deployment, fast compute, and advanced model insights in one integrated platform.
- Easy deployment of models with a single line of Python
- 80% lower compute costs with either batch or streaming analysis
- Rapid detection of model underperformance, system bottlenecks, or data issues
Wallaroo is also introducing new advanced observability capabilities to detect changes in model accuracy even faster.
Users can now set parameters to measure how models perform against baselines, allowing for faster model anomaly and drift detection, as well as validation checks on input data, according to the vendor.
Data scientists now have full visibility into the ongoing performance of their live models with robust analytics that will let them deliver business results faster than ever before.
For more information about this news, visit www.wallaroo.ai.