Open Source Data Science Platform Pachyderm Raises USD16M
- By DSAITrends editors
- August 25, 2020
Data science platform Pachyderm announced that it has raised USD16 million in Series B funding led by Microsoft’s venture arm M12 and joined by Decibel Ventures.
This announcement comes shortly after the general availability of Pachyderm Hub, a fully managed service solution that gives businesses the ability to operate cluster on-demand without the operational burden of managing their infrastructure.
Data science platform
Launched in 2014, Pachyderm is a full-featured data science platform designed for large-scale collaboration. Pachyderm helps companies comply with emerging AI legal standards and ensures that Machine Learning Operations (MLOps) teams can always recreate data science experiments perfectly every time.
The company’s vision is a machine learning platform that runs anywhere, from the public cloud to an on-premises deployment. This is done without locking users in private, proprietary cloud systems that leave enterprises trapped on a single cloud. In its world view, users can freely choose to deploy either on public cloud platforms, on a private cloud, or on-premises.
Pachyderm can schedule massively parallel workloads and is built on Docker and Kubernetes for management within a containerized environment. The idea is to establish a rich ecosystem of open source and open core platforms that work together for end-to-end machine learning experiences.
Over the past year, it has attracted enterprise customers including Shell, LogMeIn, Battelle Ecology and AgBiome, as well as multiple government agencies, pharmaceutical and bioinformatics companies, and two major North American banks.
“Companies everywhere are waking up to the realization that if you’re only tracking metadata and you don’t have the iron-clad immutability of a robust version-controlled file system, then you don’t have a data science pipeline you can truly count on. If your data can change out from under you, you can’t do repeatable data science at scale,” explained Nick Harvey, head of marketing at Pachyderm in a blog post.
“M12 and Decibel will prove essential to our expansion. With their experience supporting the growth of B2B startups and their direct access to Microsoft’s and Cisco’s strength, expansive enterprise network, and diversity of investments, we see them as essential partners for our next stage of growth,” said Joey Zwicker, cofounder of Pachyderm.
Photo credit: Screenshot Suljo