27 January 2020:

Iguazio has raised $24 million in funding. The funding round was led by INCapital Ventures. Pitango, Verizon Ventures, Magma Venture Partners, Samsung SDS, Kensington Capital Partners, Plaza Ventures and Silverton Capital Ventures also participated in the funding round.

The company will use the fresh capital to accelerate its growth and expand the reach of its data science platform to new global markets.

Tom Kennedy, Chairman of Kensington Capital Partners, said, “Iguazio’s unique technology facilitates the data science creation process from start to finish, enabling enterprises to deploy AI applications that create real business impact. With the opportunities we are seeing for machine learning technology and the global success stories emerging from this high-tech nation, Iguazio represents a great first investment for Kensington in an Israeli company.”

Asaf Somekh, co-founder and CEO of Iguazio, said, “This is a pivotal time for AI. Our platform helps data scientists push the limits of their real-time AI applications and see their impact in real business environments. With support from INCapital, Kensington Capital Partners, and our other investors, we are ready to expand our international team and reach our ambitious goals.”

(Image – Iguazio)

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