KNIME, one of many main open-source knowledge science and AI firms, has raised extra funding from its longstanding investor Invus. Because the final announcement, Invus invested one other $30M, bringing whole funding to $50M. It will enable KNIME, as the one open-source, low-code knowledge science firm available on the market, to double down on improvement of its enterprise-grade AI governance and ModelOps capabilities, whereas persevering with to remain forward of the speedy innovation within the discipline.
Since 2017, KNIME has grown income to €30M, at 30-40% per 12 months and is now serving almost 400 prospects with a crew of 250 workers worldwide. The KNIME consumer base contains almost half 1,000,000 individuals, making it the most important low-code knowledge science neighborhood on this planet. As a really horizontal platform, KNIME counts prospects throughout all industries and areas, enabling firms comparable to ASML, Audi, AMD, Lilly, Novartis, Bayer, Sanofi, Genentech, the FDA, P&G, Mercedes-Benz, and others. KNIME has lately achieved ISO 27001 certification, assembly the best world info safety requirements for enterprises and evidencing KNIME’s dedication to defending the info of its customers.
The corporate’s open-source strategy removes nearly all limitations to entry, whereas preserving the platform adaptive to the wants of a market that’s evolving at unprecedented velocity.
“With our open-source neighborhood, we’re capable of present KNIME customers intuitive entry to a wealth of state-of-the-art methods,” says Michael Berthold, co-founder and CEO of KNIME.
Mario Kaloustian, Managing Director at Invus provides: “KNIME permits quick, widespread knowledge science and AI adoption, with centralized governance and ModelOps capabilities. This mannequin solutions the important thing query for the C-suite of each firm: How will we speed up innovation with GenAI whereas managing related dangers? Invus has proudly accompanied KNIME since 2017 and is thrilled to proceed doing so.”
The funding comes at a pivotal second as organizations face mounting strain to attenuate the dangers related to GenAI, whereas maximizing its influence. The excellent revamp of each core elements of the KNIME providing solutions this want. KNIME Analytics Platform is now cloud- and browser-ready and advantages from a brand new UX/UI, dashing up the training curve for rookies and bettering productiveness for superior customers. KNIME Analytics Platform additionally contains Ok-AI, an AI assistant that helps customers get began or add superior performance to their knowledge tasks. The industrial enterprise-grade KNIME Enterprise Hub has been re-engineered from the bottom up as nicely, to facilitate automation, collaboration, deployment, and governance of analytical and AI fashions. Moreover, KNIME launched a SaaS providing, the Workforce Plan for KNIME Neighborhood Hub, enabling small organizations to automate their workflows with a versatile pay-as-you-go plan.
“Given the traction we’re experiencing in a booming market, we determined to tackle extra funding to reply the rising demand for our end-to-end knowledge science and AI platform. That is an unimaginable alternative to speed up data-driven innovation for our neighborhood, leveraging the drastic developments taking place within the discipline.” says Berthold.
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