Qwak Mlops Platform Doubles Valuation With $12M Bessemer Funding

Qwak, the end-to-end MLOps platform, today announced a new investment from Bessemer Venture Partners. The $12 million financing, at double the valuation from the company's last funding round, follows a year of growth and represents Bessemer's first meaningful investment in the growing area of MLOps and machine learning infrastructure. Existing investors Leaders Fund, StageOne Ventures and Amiti also participated in the round. The investment comes as machine learning (ML) is breaking into the mainstream, with generative AI applications like Dall-E, MidJourney and ChatGPT becoming massively popular and disrupting the creative industries.