Comet, a machine-learning technology company, has raised $13 million in a Series A funding round. The New York City-based company said the round was led by Scale Venture Partners with participation from existing investors including Trilogy Equity Partners and Two Sigma Ventures.
Comet says its technology allows data scientists and teams to track, compare, explain and optimize experiments and models. Comet said it will use the money ‘to accelerate and scale Comet’s product development, sales, marketing, and engineering functions.’
‘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’, said Gideon Mendels, Comet CEO and co-founder, in a statement.
In addition to the fundraising, Comet, which said its revenue has grown 500 per cent in the past year, added that it acquired Stakion, a model production monitoring company based in the United Kingdom.
