Comet.ml secured $4.5M in Funding to expand Meta-Learning Capabilities

Comet.ml, a New York-based Machine Learning experimentation platform provider, has now secured $4.5 in funding.

The Two Sigma Ventures, Trilogy Equity Partners and Founder’s co-op led this investment round.

Founded in 2017, Comet.ml offers a machine learning experimentation platform. It enables data scientists to track, compare, optimize, and monitor model development. Including the latest funding, the company has raised a total of $6.8 million in four funding rounds, according to CrunchBase.

Since its inception, millions of models have been trained with the platform across multiple industries, spanning autonomous vehicles, bioinformatics, fundamental physical research, financial services, technology, and more.

Executive Opinion

Co-founder/CEO, Comet.ml, Gideon Mendels, said, "We founded Comet with the goal of helping companies gain business value from machine learning. With Comet Enterprise, data scientists can build reliable models faster, and organizations can gain visibility into their AI/ML efforts and progress. Comet Enterprise already supports some of the biggest and most impactful machine learning teams in the world, and we plan on helping more organizations do the same."

Partner at Trilogy Equity Partners, Yuval Neeman, said, "Professionals from the best companies in the world choose Comet, which allows them to build ML models that bring significant business value. In such a fast-growing space, Comet is well-positioned to become the de-facto Machine Learning development platform. As someone who led Microsoft’s developer tools division, I’m excited to see Comet follow a similar growth trajectory."

Comet.ml's Latest Funding

The company, as of now, has plans to use the new funding to scale Comet Enterprise and continue bringing Meta-Learning capabilities to the market, notes the announcement.

The company has also recently revealed two strategic partnerships. The first one with Uber AI to extend Ludwig, a low code deep learning toolbox. The second with the Dell EMC, which allows the users to use the Dell EMC Kubernetes architecture with Comet.

The client base of Comet.ml includes General Electric, Ancestry, The National Institute of Health with some of the active users at companies such as Uber, Google, and Boeing.