Machine learning deployment firm secures £2.7m Amadeus Capital funding

Today (January 16), Seldon, a machine learning deployment specialist, has revealed a £2.7m funding round led by Amadeus Capital Partners alongside Global Brain Corporation, Techstars and other investors.

Seldon is a global tech business focused on the fast-growing machine intelligence market.

Its open-source machine learning deployment platform manages, serves and optimises machine learning models at scale. The platform is built on cloud-native technologies such as Kubernetes.

Alex Housley, CEO and founder of Seldon, said: “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.”

Since its inception in 2014, Seldon has built up many users. Its initial product offering, Seldon Core, had over 170,000 installs in 2018 and recorded 38 per cent month-on-month growth in H2 2018.

This year, it aims to 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.

This Seed round is led by Amadeus Capital Partners, along with Global Brain Corporation, one of the largest Japanese deep technology venture capital investment firms, and Techstars.

Alex van Someren, managing partner, Amadeus Capital Partners, added: “There has been a lot of hype around machine learning but real-world applications are where the rubber must now hit the road.

“Seldon’s open standard approach can ‘democratise’ access to AI’s benefits beyond big tech companies. We’re pleased to be funding Seldon as it looks to double its team size in 2019.”

Osborne Clarke provided legal advice to Amadeus Capital Partners and Harper James provided legal advice to Seldon Technologies Ltd in this transaction.