Seldon secures £2.7m in seed round funding
Seldon, the London-based machine learning deployment specialist, has closed a £2.7m seed funding round led by Amadeus Capital Partners alongside Global Brain Corporation, Techstars and other existing investors.
Seldon is a global technology business focused on the fast-growing machine intelligence market. Its open-source machine learning deployment platform makes it easier and quicker to manage, serve and optimise machine learning models at scale.
Since its inception in 2014, Seldon has built a global community of users who leverage their diverse industry backgrounds to provide validation and feedback.
Seldon’s initial product offering, Seldon Core, had over 170,000 installs in 2018 and recorded 38 per cent month-on-month growth in H2 2018.
In 2019 it will release new enterprise-scale software, 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.
Seldon was part of Techstars Barclays Accelerator London in 2016 and is a guest advisor to the UK’s All-Party Parliamentary Group on Artificial Intelligence.
Alex Housley, CEO and founder of Seldon, says: “Machine learning is revolutionising every industry. 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. Seldon and our community, customers and partners are creating the new open standard for machine learning deployment across hybrid and multi-cloud environments.”