Fundz

Comet Raises $50 Million Series B To Accelerate Ml Development For The Enterprise

PRIVATENov 18, 2021

Amount Raised

$50 Million

Round Type

Series B

New YorkSoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Description

Comet, provider of the development platform for enterprise machine learning (ML) teams, today announced it has raised $50 million in a series B funding round, led by OpenView, with participation from existing investors Scale Venture Partners, Trilogy Equity Partners and Two Sigma Ventures. In addition, Ofer Bengal, Founder and CEO of Redis, and Dr. Oren Etzioni, CEO at AI2, have joined Comet as strategic advisors to support the company’s mission of empowering AI builders to accelerate ML-driven business outcomes and advance data science. Funding comes amid significant product development milestones, company momentum and customer wins.

Quick answer

Comet raised $50 Million in a Series B round, dated November 18, 2021. Comet is based in New York, United States.

How much did Comet raise?
Comet raised $50 Million in a Series B round on November 18, 2021.
What does Comet do?
Comet’s platform empowers data scientists and machine learning (ML) engineers to accelerate ML development by managing and optimizing the entire ML lifecycle, from experiment tracking to model production monitoring.
Where is Comet based and how big is it?
Comet is based in New York, United States.

Source: Fundz verified event record.

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Company Information

Company

Comet

Location

New York, United States

About

Comet’s platform empowers data scientists and machine learning (ML) engineers to accelerate ML development by managing and optimizing the entire ML lifecycle, from experiment tracking to model production monitoring. Trusted by over 150 customers including Ancestry, Cepsa, Etsy, Uber and Zappos, Comet has built a community of tens of thousands of users and academic teams who use the platform free of charge to accelerate research in their fields of study. Comet is headquartered in New York City, with a remote global workforce. To learn more about Comet, visit comet.ml. To join our community, visit heartbeat.comet.ml.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Comet raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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