Data Science and AI Company KNIME Secures Investment to Accelerate Adoption of Enterprise-Grade AI Governance and ModelOps
06 Agosto 2024 - 7:02AM
Business Wire
KNIME, one of the leading open-source data science and AI
companies, has raised additional funding from its longstanding
investor Invus. Since the last announcement, Invus invested another
$30M, bringing total funding to $50M. This will allow KNIME, as the
only open-source, low-code data science company on the market, to
double down on development of its enterprise-grade AI governance
and ModelOps capabilities, while continuing to stay ahead of the
rapid innovation in the field.
Since 2017, KNIME has grown revenue to €30M, at 30-40% per year
and is now serving nearly 400 customers with a team of 250
employees worldwide. The KNIME user base includes nearly half a
million people, making it the largest low-code data science
community in the world. As a truly horizontal platform, KNIME
counts customers across all industries and regions, enabling
companies such as ASML, Audi, AMD, Lilly, Novartis, Bayer, Sanofi,
Genentech, the FDA, P&G, Mercedes-Benz, and others. KNIME has
recently achieved ISO 27001 certification, meeting the highest
global information security standards for enterprises and
evidencing KNIME’s commitment to protecting the data of its
users.
The company’s open-source approach removes virtually all
barriers to entry, while keeping the platform adaptive to the needs
of a market that is evolving at unprecedented speed. “With our
open-source community, we are able to provide KNIME users intuitive
access to a wealth of state-of-the-art techniques,” says Michael
Berthold, co-founder and CEO of KNIME. Mario Kaloustian, Managing
Director at Invus adds: “KNIME enables fast, widespread data
science and AI adoption, with centralized governance and ModelOps
capabilities. This model answers the key question for the C-suite
of every company: How do we accelerate innovation with GenAI while
managing associated risks? Invus has proudly accompanied KNIME
since 2017 and is thrilled to continue doing so.”
The investment comes at a pivotal moment as organizations face
mounting pressure to minimize the risks associated with GenAI,
while maximizing its impact. The comprehensive revamp of both core
components of the KNIME offering answers this need. KNIME Analytics
Platform is now cloud- and browser-ready and benefits from a new
UX/UI, speeding up the learning curve for beginners and improving
productivity for advanced users. KNIME Analytics Platform also
includes K-AI, an AI assistant that helps users get started or add
advanced functionality to their data projects. The commercial
enterprise-grade KNIME Business Hub has been re-engineered from the
ground up as well, to facilitate automation, collaboration,
deployment, and governance of analytical and AI models.
Additionally, KNIME introduced a SaaS offering, the Team Plan for
KNIME Community Hub, enabling small organizations to automate their
workflows with a flexible pay-as-you-go plan.
“Given the traction we’re experiencing in a booming market, we
decided to take on additional funding to answer the growing demand
for our end-to-end data science and AI platform. This is an
incredible opportunity to accelerate data-driven innovation for our
community, leveraging the drastic developments happening in the
field,” says Berthold.
About KNIME
KNIME is the leading open-source data science and AI platform,
with 400 customers and nearly half a million users. KNIME helps
everybody make sense of data. Its free and open-source KNIME
Analytics Platform enables anyone – whether they come from a
business, technical or data background – to intuitively work with
data, every day. KNIME Hub is the commercial complement to KNIME
Analytics Platform and enables users to automate workflows,
collaborate on data science and AI projects, and share insights
across the organization. Collectively, the products allow teams at
all levels of analytics readiness to support the operationalization
of data and to build a scalable data science and AI practice. Learn
more at www.knime.com.
About Invus
Founded in 1985, Invus makes equity investments in
transformational opportunities in both private and public
companies. The firm is active across a range of industries
including consumer and retail, technology, and healthcare. Invus
has over $10 billion under management in an evergreen structure
enabling a long-term horizon with offices in New York, Paris, Hong
Kong and Singapore. Learn more at www.invus.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240806957885/en/
Marissa Pasillas Walker Sands for KNIME
knime@walkersands.com