Pachyderm brings together version control for data with the tools to build scalable end-to-end machine learning and artificial intelligence pipelines while empowering users to use any language, framework, or tool they want.
FREMONT, CA: Pachyderm, an enterprise-grade, open-source platform that enables explainable, repeatable, and scalable data science, raised $16 million in Series B round of financing led by M12, Microsoft's venture fund. Jon Sakoda of Decibel Ventures, an independent venture firm backed by Cisco, joined the round alongside returning investors, including Benchmark and YCombinator. M12's investment was led by Microsoft Corporate Vice President and the fund's Global Head Nagraj Kashyap, who will join Benchmark's Chetan Puttagunta on Pachyderm's board of directors.
"M12 and Decibel will prove essential to our expansion," said Joey Zwicker, Co-founder of Pachyderm, "With their experience supporting the growth of B2B startups and their direct access to Microsoft's and Cisco's strength, expansive enterprise network and diversity of investments, we see them as essential partners for our next stage of growth."
Pachyderm will use the capital to speed up hiring, continue building Pachyderm Hub and expand its vision to provide enterprises with explainable and repeatable data processing at scale.
Launched in 2014 by Joey Zwicker, Pachyderm provides a machine learning-powered platform for AI development teams at enterprise customers like Shell, LogMeIn, Battelle Ecology and AgBiome, multiple government agencies, pharmaceutical, and bioinformatics companies, two major North American banks, and others within the Fortune 500 to recreate data science experiments and comply with emerging AI legal standards.
The latest round of funding comes as Pachyderm launches the general availability of Pachyderm Hub, Pachyderm's fully-managed service solution that has been operating in public beta since November, which is available today. With this solution, individuals and enterprise teams can get a Pachyderm cluster on-demand without taking on the operational burden of managing their infrastructure.
"We're excited to witness the acceleration of Pachyderm's enterprise adoption as data versioning becomes an imperative for organizations of all sizes," said Kashyap. "Pachyderm is on its way to becoming the next big data infrastructure company as enterprises aim to mirror best practices from the DevOps domain. M12 looks forward to partnering in that journey."