BOSTON--(BUSINESS WIRE)--DataRobot, a leader in Augmented Intelligence, today announced the acquisition of machine learning operations (MLOps) platform, Algorithmia, further cementing DataRobot’s place as the preeminent provider of comprehensive solutions in the MLOps space, focused on bringing machine learning models into production.
Announced alongside a Series G funding round, DataRobot’s latest acquisition deepens its capabilities to unlock value from AI through better, faster, frictionless solutions for every part of the modern enterprise. By integrating Algorithmia’s sharp focus on model serving with DataRobot’s existing, expert-level model monitoring and model management capabilities, customers will have access to the most reliable and cost-effective operational backbone for running any machine learning model, including deep learning workloads for NLP and Image processing in complex inference pipelines, at scale on CPUs and GPUs.
The Algorithmia MLOps platform aims to bring models into production and deliver business value with enterprise-grade security and governance, continuous integration, and accelerated deployment. The platform is designed for the needs of IT operations specialists, enabling enterprises to address complex, high-volume model production effectively and securely. Over 130,000 IT operations, data scientists, and engineers have used the Algorithmia platform to date -- including Fortune 500 companies such as Merck, Ernst & Young, and Deloitte.
Algorithmia's unique approach brings together best practices from AI/MLOps and DevOps, establishing streamlined, productive, and repeatable procedures for organizing customers' machine learning work from IT, data scientists, and the organizations that depend on them. This approach enables customers to manage the complexity of moving models to production, and IT organizations to easily integrate MLOps into their existing IT operations management (ITOM) practices.
“Algorithmia’s people and technology significantly enhance our mission to rapidly move from experimental to applied AI by helping customers bring every model into production with rapid time to value,” said Dan Wright, CEO of DataRobot. “We are thrilled to welcome the Algorithmia team and advance our leading MLOps offering with world-class, enterprise-grade MLOps infrastructure to organizations across the globe.”
“We understand that businesses cannot get the value of their ML models unless they have the ability to deliver those models quickly, reliably, and at scale,” said Diego Oppenheimer, CEO of Algorithmia. “It’s been clear to us for many years that DataRobot shares this philosophy, and we’re thrilled to combine our dedication of enabling customers to thrive in today’s market by delivering more models in production, faster, while protecting their business.”
About DataRobot
DataRobot is a leader in Augmented Intelligence, delivering trusted AI technology and enablement services to global enterprises competing in today’s Intelligence Revolution. DataRobot’s enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform helps maximize business value by delivering AI at scale and optimizing performance over time. The company’s proven combination of cutting-edge software and world-class AI implementation, training, and support services, empowers any organization – regardless of size, industry, or resources – to drive better business outcomes with AI.
DataRobot has offices across the globe and funding from some of the world’s best investing firms including Alliance Bernstein, Altimeter, B Capital Group, Cisco, Citi Ventures, ClearBridge, Counterpoint Global (Morgan Stanley), DFJ Growth, Franklin Templeton, Geodesic Capital, Glynn Capital, Intel Capital, Meritech, NEA, Salesforce Ventures, Sands Capital, Sapphire Ventures, ServiceNow Ventures, Silver Lake Waterman, Snowflake Ventures, Sutter Hill Ventures, Tiger Global, T. Rowe Price, and World Innovation Lab. DataRobot was named to the Forbes 2020 Cloud 100 list and the Forbes 2019, 2020, and 2021 Most Promising AI Companies lists, and was named a Leader in the IDC MarketScape: Worldwide Advanced Machine Learning Software Platforms Vendor Assessment. For more information visit http://www.datarobot.com/, and join the conversation on the DataRobot Community, More Intelligent Tomorrow podcast, Twitter, and LinkedIn.
About Algorithmia
For machine learning leaders that need to put ML models into production faster, more securely and cost-effectively within their existing operational processes, Algorithmia is MLOps software that manages all stages of the ML lifecycle within existing operational processes. Unlike inefficient, expensive, and insecure do-it-yourself MLOps management solutions that lock users into specific technology stacks, Algorithmia automates ML deployment, optimizes collaboration between operations and development, leverages existing SDLC and CI/CD processes and provides advanced security and governance. Over 130,000 engineers and data scientists have used Algorithmia's platform to date, including large and midsize enterprises, Fortune 500 companies, non-governmental organizations, and government agencies. For more information, visit www.algorithmia.com.
