Status: Exited
Sector: SaaS
Industry: Artificial Intelligence and Machine Learning, Data Analytics, Cloud Computing
Summary: Iguazio is an advanced AI and machine learning platform that helps businesses operationalize and scale their AI applications. The platform aims to streamline AI deployment, making it faster and more efficient, and was acquired by McKinsey & Company in January 2023.
Company Overview: Founded in 2014, Iguazio is a technology startup that provides solutions for artificial intelligence, machine learning, and data analytics. The company helps enterprises process large amounts of data quickly and efficiently, improving their decision-making processes. Iguazio’s platform is optimized for processing and analyzing data in cloud environments and is suitable for various industries.
Business Model: Iguazio generates revenue by offering cloud-based data analytics and AI platforms to enterprises. The company operates on a SaaS (Software as a Service) model, providing subscription-based pricing plans to its customers. Additionally, Iguazio offers customized solutions and professional services for businesses of various sizes.
Product & Services:
- Data Science Platform: Iguazio offers a platform that allows data scientists to prepare, model, and deploy data quickly and easily.
- Real-Time Data Analytics: The company processes real-time data streams to enable instant analytics and predictions.
- AI Solutions: Iguazio provides solutions that enable enterprises to utilize AI and machine learning models in a scalable and reliable manner.
Key People:
Asaf Somekh: CEO and Co-Founder
Investment & Growth Information:
Since its inception, Iguazio has secured significant funding through various investment rounds. The company has received financial backing from prominent investors such as Insight Partners, Pitango Venture Capital, and Verizon Ventures. Iguazio has raised over $100 million in total funding.