Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

Machine learning firm Seldon secures £2.7m in new Seed round

Machine learning company Seldon has secured £2.7m in Seed round led by Amadeus Capital Partners, the company announced on Wednesday.

The Seldon team. Credit: Seldon.

Among other investors are Global Brain Corporation, a large Japanese deep technology venture capital investment firm with global presence in Tokyo, London, Seoul, Singapore and San Francisco, and Techstars, who have been supporting Seldon since it took part in the Barclays Accelerator. Existing investors include Force Over Mass Capital, Playfair Capital, Cascade Global and angels, all of whom committed further capital in the round.

Commenting on the investment, Alex van Someren, Managing Partner at Amadeus Capital Partners, said: “There has been a lot of hype around machine learning, but real-world applications are where the rubber must now hit the road. Seldon’s open standard approach can ‘democratise’ access to AI’s benefits beyond big tech companies. We’re pleased to be funding Seldon as it looks to double its team size in 2019.”

Seldon open-source machine learning deployment platform aims at making easier and quicker to manage, serve and optimise machine learning models at scale. The platform is built on cloud-native technologies such as Kubernetes.

“Machine learning is revolutionising every industry”, said Alex Housley, CEO and founder of Seldon. “It has become much easier to build predictive models but deploying and managing these models in production is the limiting factor.

“The world’s most innovative businesses now face the challenge of creating robust, reproducible and compliant production workflows between disparate teams of data scientists, engineers and business leaders,” he added. “Seldon and our community, customers and partners are creating the new open standard for machine learning deployment across hybrid and multi-cloud environments.”

Seldon was founded in 2014, and since then has built a network of product offering, Seldon Core, had over 170,000 installs in 2018 and recorded 38% month-on-month growth in H2 2018.

In 2019, the company plans to release a new enterprise-scale software called Seldon Deploy, which enables data science specialists to move into production more easily with compliance, offering audit trails and approvals, advanced experiments, and model explanations.

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