Peltarion provides an all-in-one, cloud-hosted platform designed to help businesses move AI projects from concept to production quickly and with minimal technical overhead. Its graphical user interface covers data preprocessing, model building, and deployment, sparing users from managing low-level hardware or software and reducing dependence on any single cloud provider. The company claims its workflow is orders of magnitude faster than industry-standard tools like TensorFlow and requires far fewer specialized personnel. Founded by former executives from Spotify, Skype, King, TrueCaller, and Google, Peltarion targets organizations struggling with patchwork AI technologies and skills shortages. Customers appreciate the platform’s avoidance of cloud lock-in and its focus on delivering commercially viable AI with less expertise. Following its latest financing, Peltarion’s total funding stands at $35 million. The new capital will be used to grow the development team, strengthen community and partner relations, and accelerate expansion in the U.S. and other markets.

Total raised

$33M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2019