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London-based Seldon, a machine learning deployment specialist raised seed funding of £2.7 million from Amadeus Capital Partners, an active venture capital investor in AI and machine learning, Global Brain Corporation, a Japanese deep tech venture capital investment firm, Techstarts and existing investors. It is a global technology business, which is focused on the rapidly growing machine intelligence segment.
The open-source machine learning deployment platform of Seldon makes it quicker and easier to manage, optimise and serve machine learning models. Its platform is built on cloud-native technologies including Kubernetes.
Seldon was founded in 2014 by Alex Housley in the UK. Even since its advent, this startup has developed a global community of users leveraging the diverse industry backgrounds to offer validation and feedback. Notably, Seldon was a part of Techstarts Barclays Accelerator London in 2016. It is also a guest advisor to the UK’s All-Party Parliamentary Group on Artificial Intelligence.
Seldon Core has been successful
The initial product of Seldon is Seldon Core with over 170,000 installs in 2018 alone. It recorded a month-on-month growth of 38% in the second half of 2018. Seldon Core is an open-source machine learning deployment platform, which makes it quicker and easier to deploy machine learning models as well as experiments in production. It scales from startup to enterprise scenarios.
Seldon Deploy in the works
This year, the company aims to release Seldon Deploy, a new enterprise-scale software. This one lets data science specialists move easily into production and offer advanced experiments, audit trails and approvals and model explanations.
Regarding this funding round, Alex Housley said that machine learning is revolutionising all the industries. It has become easier to create predictive models with this technology. But there were limitations in the deployment and management of the same. With the funding, Seldon will be able to double its team size this year. And, its open standard strategy can let it democratise the access to AI benefits to all the companies.
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Credit: Google News