Seldon secures £7.1m Series A funding led by AlbionVC and Cambridge Innovation Capital to accelerate product development.
The round was co-led by AlbionVC and Cambridge Innovation Capital to support commercial expansion and research.
Seldon is a London-based machine learning deployment specialist that provides open-source DevOps tools for enterprises. The company helps organisations manage, serve, and monitor their machine learning models at scale.
Seldon has secured £7.1m in a Series A financing round co-led by AlbionVC and Cambridge Innovation Capital. The raise included significant participation from existing backers Amadeus Capital Partners and Global Brain, alongside other shareholders.
The capital will be directed towards accelerating research and development and driving commercial expansion. Seldon plans to scale its team over the next eighteen months, launch new enterprise solutions, and build out its global footprint with new teams in the US and Asia, alongside an R&D facility in Cambridge.
From the founder
"There’s never been a greater need to effectively deploy ML models in enterprise, and this fresh capital injection will ensure our customers have the tools they need to achieve their goals."
Alex Housley
CEO and founder at Seldon
Investor perspective
"Machine learning has rapidly shifted from a nice-to-have to a must-have for enterprises across all industries. Seldon’s open-source platform operationalises ML model development and accelerates the time-to-market by eliminating the pain points involved in developing, deploying and monitoring Machine Learning models at scale. The founding team has deep domain expertise and truly understands the complexities involved with ML model management. CIC is excited to partner with Seldon as the teams builds the next-gen ML Ops platform to democratise AI across enterprises"
Vin Lingathoti
Partner, Cambridge Innovation Capital
Use of funds
- 01Fund research and development
- 02Expand into international markets
- 03Grow the team
Investors
Nadine Torbey
AlbionVC
Vin Lingathoti
Cambridge Innovation Capital
Amadeus Capital Partners
Global Brain