Machine Learning Operations provider Comet secured $13 Million Funding

Comet, a New York-based provider of Machine Learning Operations (MLOps), has now secured $13 million in a Series A funding round.

Comet is founded by Gideon Mendels. It provides a cloud and self-hosted MLOps solution that helps data scientists and teams track, explain, compare, and optimize experiments and models. The company’s insights and data enable the users to build accurate AI models while improving productivity, visibility, and collaboration across teams.

Gideon Mendels, CEO and co-founder, Comet, said, "Comet’s focus is helping enterprises achieve success with machine learning, and we’ve seen tremendous success supporting some of the world’s foremost machine learning platform teams at organizations like Uber, Etsy, and Ancestry. By partnering with Scale Venture Partners for our Series A, we’ll be able to double down on that success and deliver best-in-class solutions for machine learning model development and monitoring."

Andy Vitus, partner, Scale Venture Partners, said, "Machine learning and AI will drive the future of enterprise software, and ensuring that organizations have full visibility and control of a model’s lifecycle will be imperative to it. Comet’s ability to drive successful enterprise deployments and scale at the largest companies, as well as its focus in AI and ML, make it an ideal addition to our portfolio."

The Scale Venture Partners led the latest funding round. Other participating investors include existing investors - Two Sigma Ventures and Trilogy Equity Partners.

Post funding, Andy Vitus of Scale Venture Partners will now join Comet’s Board of Directors team.

The company, as of now, has plans to use the new funds to accelerate and scale product development, marketing, sales, and engineering functions, notes the announcement.