Continual, a startup that focuses on simplifying operational AI on prime of a contemporary information stack, immediately introduced that it has raised a $14.5 million Sequence A funding spherical led by Innovation Endeavors. As well as, the corporate immediately introduced that its cloud platform is now typically accessible.
The corporate, which focuses its AI efforts on predictive fashions for issues like stock forecasts, threat mitigation and provide chain logistics, beforehand raised a $4 million seed spherical, which it announced final December. Different buyers on this new spherical embrace Amplify Companions, Illuminate Ventures, Impressed Capital, Knowledge Group Fund, Activation, New Regular, GTMfund, in addition to angels Tomer Shiran (founding father of Dremio) and Tristan Useful (founding father of dbt Labs).
Enterprises now personal huge quantities of knowledge nevertheless it stays troublesome for them to take this data, which usually sits in a knowledge warehouse like Snowflake or AWS Redshift and switch it into predictive fashions. The thought behind Continuous is to permit them to do that with out having to reinvent the wheel. The service isn’t a low-code/no-code instrument nevertheless it does put an emphasis on making its options accessible in that it permits information groups to leverage abilities they have already got — like SQL and dbt — to shortly construct AI fashions and put them into manufacturing.
Trying forward, Continuous will add some extra superior options, too. “To raised assist superior customers, we’re including assist for machine studying engineers to increase Continuous’s automated machine studying engine with customized fashions after which expose these new capabilities to all customers of their group,” the corporate’s CEO and co-founder Tristan Zajonc defined. “We in the end see Continuous as being powered by an ecosystem of AI capabilities each developed internally and externally.”
Considered one of these superior options is the power to increase Continuous’s MLOps service with customized capabilities, which is now accessible in preview. However the firm additionally has fairly a couple of extra of those extra superior options within the pipeline. Continuous additionally plans to launch new automated function engineering capabilities to simplify the machine studying workflow, for instance. And later this yr, the corporate additionally plans to introduce assist for real-time function and mannequin serving, one thing its clients have been asking for.
Zajonc famous that simply within the final three months, the corporate managed to double the variety of lively customers and deployed fashions, in addition to its booked annual recurring income. These are clearly numbers that make VC’s perk up their ears, so it’s possibly no shock that Continuous was capable of elevate this new spherical so quickly after its seed funding.
“Over the previous couple of years, we’ve seen predictive analytics and AI turn out to be the lifeblood of immediately’s main enterprises,” Harpinder (Harpi) Singh, companion at Innovation Endeavors. “However most firms nonetheless wrestle to infuse AI broadly of their organizations. We imagine Continuous’s strategy to constructing straight on a company’s present cloud information platforms and empowering all consumer sorts, not simply machine studying engineers, is the precise recipe to unlock the potential of AI for each group.”
Now, the plan is to double the group by the top of 2022 to assist all of those new clients and construct these new superior options.
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