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Tecton Raises $100M, Proving That The Mlops Market Is Still Hot

Jul 12, 2022•about 3 years ago

Amount Raised

$100 Million

San FranciscoReal EstateData And AnalyticsSoftware

Description

Machine learning can provide companies with a competitive advantage by using the data they’re collecting — for example, purchasing patterns — to generate predictions that power revenue-generating products (e.g. e-commerce recommendations). But it’s difficult for any one employee to keep up with — much less manage — the massive volumes of data being created. That poses a problem, given AI systems tend to deliver superior predictions when they’re provided up-to-the-minute data

Company Information

Company

Tecton

Location

San Francisco, California, United States

About

Del Balso co-founded Tecton while at Uber when the company was struggling to build and deploy new machine learning models. The platform can also monitor data pipelines, calculating the latency and processing costs, and retrieve historical features to train systems in production.Tecton also hosts an open source feature store platform, Feast, that doesn’t requiring dedicated infrastructure. The company plans to hire about 20 over the next six months. Tecton has hundreds of active users — no word on customers, other than the fact that the base quintupled over the past year — We believe that the pandemic was an accelerator for the adoption of new MLOps tools, including feature stores and feature platforms.”San Francisco-based Tecton currently has 80 employees. Tecton isn’t the only startup chasing after it.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech