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

Nov 18, 2021over 3 years ago

Amount Raised

$50 Million

Round Type

series b

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.

Company Information

Company

Comet

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.

FundzWatch™ Score

77
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech