Microsoft’s venture fund, M12, led a $25 million Series A funding round for Wallaroo, an enterprise AI startup that allows organizations to easily deploy ML models. Using Wallaroo’s integrated platform, enterprises can enjoy push-button deployment, fast compute, and advanced model insights. Several Fortune 500 companies already use Wallaroo to run ML models at scale.
In addition to the investment money, Microsoft’s M12 will be providing Wallaroo with strategic guidance and access to Microsoft’s global network.
What they are saying:
Vid Jain, Founder and CEO of Wallaroo Labs:
“Machine learning is hard, and the last mile of ML – getting it deployed and delivering value – is really hard. 85 percent of enterprise initiatives fail at it. We purpose-built Wallaroo to solve these last mile challenges. As more companies look to operationalize ML for the first time, and others grow their current ML investments to become a fully mature capability at scale, conquering ML’s last mile will quickly become their top priority. This new funding gives us the resources to help them deliver on the promise of AI.”
Priyanka Mitra, Principal at M12:
“At M12, we’re constantly speaking to machine learning software companies, and Wallaroo really stood out to us from the start on a number of dimensions, ranging from their customer obsession to the technical differentiation of their platform. Not only does Wallaroo solve the challenging problem of enabling enterprises to more seamlessly deploy machine learning models into production at scale, it also enables customers to achieve actual business value in the process. Wallaroo has the potential to become a standard component in the ML toolchain. We’re excited to be joining them on their journey.”
More than money and networking, getting an investment from M12 brings greater credibility to startups. With the improved credibility, startups like Wallaroo will have access to new set of customers, which will further accelerate their growth.
Here’s how Wallaroo positions itself in the enterprise AI market: