Iguazio provides a data science platform for creating and deploying real-time AI and machine learning applications. The platform works within the familiar machine learning stack and supports multi-cloud, on-prem and edge deployments. It has been deployed across verticals including financial services and telecommunications for use cases such as self-healing networks, ride-hailing and logistics optimization, real-time recommendations, and fraud prevention (Payoneer). The company is led by serial entrepreneurs and maintains teams in the USA, UK, Singapore and Israel; the announcement is from Herzliya, Israel. Iguazio is backed by strategic and financial investors including Samsung, Verizon, Bosch, CME Group, and Dell. The company says it will use the new funding to accelerate growth and expand the reach of its platform into new global markets. Iguazio offers a platform combining data services and AI tools to accelerate delivery of intelligent, serverless applications and production machine learning. Its Nuclio open-source serverless framework enables development of modern applications on Kubernetes without managing infrastructure. The platform targets real-time applications across manufacturing, healthcare, pharma, insurance, financial services and telcos. Iguazio emphasizes end-to-end serverless agility, performance, security, collaboration and scalability for data science to production workflows. The company says it aims to streamline delivery of intelligent applications through partnerships that embed its technology into cloud PaaS offerings. Iguazio is led by serial entrepreneurs and maintains teams in the USA, UK, Singapore and Israel. Iguazio builds an edge data analytics platform designed to process large data streams close to the point of origin for real-time decisioning in IoT, finance and other industries. The company emphasizes making big data analytics accessible to non-technical enterprises by simplifying deployment and operations. Its edge-first approach aims to reduce cloud costs and latency where endpoints lack sufficient local compute. Iguazio was founded in 2014 and spent much of its early life in stealth and closed beta. The firm says it has no revenues yet but has been working with companies and is on the verge of releasing its first generally available product. To date it has raised $48 million and its valuation is reported to be around $100 million. Iguaz.io is a stealth-mode company based in Herzliya, Israel, that says it is rebuilding the framework for dealing with big data by integrating information from numerous storage and processing platforms. The company is co-founded by Yaron Segev, the former co-founder and CEO of flash storage company XtremIO. Iguaz.io raised a $15 million Series A, indicating early-stage venture backing as it develops its core product. Investors include Magma Venture Partners (lead), Jerusalem Venture Partners, and other unnamed strategic investors. The article positions Iguaz.io within a strong market backdrop, citing IDC forecasts of rapid growth in big data technology and services through 2018. No operating metrics or revenues were disclosed in the coverage.

Total raised

$72M

Funding rounds

4

Latest round

Equity

Latest activity

Jan 2020