The acquisition will allow DataRobot to offer leading MLOps Architecture to their Enterprise customers.
DataRobot announced this week that it is acquiring the machine learning operations platform Algorithmia. At the same time, the company is also completing a $300 million Series G funding round.
The two moves indicate DataRobot’s commitment to dominate the augmented intelligence market.
DataRobot said the Algorithmia acquisition would allow it to deliver better value from AI through “better, faster, frictionless solutions for every part of the modern enterprise.”
Combining the best practices from AI/MLOps and DevOps
The Algorithmia MLOps platform aims to bring models into production and deliver business value with enterprise-grade security and governance. The platform also provides for continuous integration and accelerated deployment. Algorithmia says its solution meets the needs of IT operations specialists, enabling enterprises to “address complex, high-volume model production effectively and securely.”
Over 130,000 IT operations, data scientists, and engineers have used the Algorithmia platform to date. These include Fortune 500 companies such as Merck, Ernst & Young, and Deloitte.
Algorithmia’ seeks to bring together best practices from AI/MLOps and DevOps. This, they say, establishes streamlined, productive, and repeatable procedures for organizing customers’ machine learning work. Ajnd it draws those procedures from IT, data scientists, and the organizations that depend on them.
This diversified approach enables customers to manage the complexity of moving models to production. It thus helps IT organizations to easily integrate MLOps into their existing IT operations management (ITOM) practices.
Dan Wright, CEO of DataRobot, hailed the deal. Algorithmia’s people and technology significantly enhance our mission to rapidly move from experimental to applied AI by helping customers bring every model into production with rapid time to value,” he said.
“We are thrilled to welcome the Algorithmia teamand advance our leading MLOps offering with world-class, enterprise-grade MLOps infrastructure to organizations across the globe.”
Diego Oppenheimer, CEO of Algorithmia, echoed Wright. “We understand that businesses cannot get the value of their ML models unless they have the ability to deliver those models quickly, reliably, and at scale,” he said.
“It’s been clear to us for many years that DataRobot shares this philosophy, and we’re thrilled to combine our dedication of enabling customers to thrive in today’s market by delivering more models in production, faster, while protecting their business.”
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