Domino Data Lab secured $43M in Funding round backed by Highland Capital Partners
Domino Data Lab, a California based provider of an enterprise data science management platform, has now secured $43 million in funding round.
Founded in 2013, San Francisco headquartered Domino Data Lab is founded by Nick Elprin. It offers data science teams with an open data platform for enterprises to manage and scale data science. This latest funding round brings the total amount raised to date to $128 million.
Executive Opinion
Søren Pedersen, the data scientist at Topdanmark, said, “We run models in production where data drift critically impacts the predictions of those models. We need to know what has drifted and by how much. Having an automated tool to monitor this drift against the training data is very important; Domino Model Monitor will save us significant time previously spent on maintenance and investigation.”
Corey Mulloy, General Partner, Highland Capital Partners, said, “We were absolutely blown away by Domino’s traction in the Fortune 500 and the glowing endorsements we heard directly when we spoke to their customers. In a space with so much hype and noise, it’s clear Domino is creating material value for the world’s most sophisticated enterprises.”
Domino Data Lab's Latest Funding
The round was backed by the Highland Capital Partners, with participation from Highland Europe and Dell technologies investment arm, Dell Technologies Capital, Coatue Management, and Sequoia Capital.
The company, as of now, has plans to use the new funds to introduce new features to help enterprises accelerate research and manage data science at scale, notes the announcement.
PC: Pablo, Unsplash
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