MLOps platform Domino Data Lab nabs $100M

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Domino Knowledge Lab, a San Francisco, California-based supplier of MLOps answers, these days introduced that it has raised $100 million in a sequence F investment spherical led through Nice Hill Companions and an expanded partnership with Nvidia, which additionally participated along Coatue Control, Highland Capital Companions, and Sequoia Capital. The budget, which deliver Domino’s overall raised thus far to $228 million, might be put towards product construction and platform enlargement as the corporate appears to reinforce its international buyer base, in step with CEO Nick Elprin.

MLOps, a compound of “device finding out” and “knowledge era operations,” is a more recent self-discipline involving collaboration between information scientists and IT pros with the purpose of productizing device finding out algorithms. The marketplace for such answers may develop from a nascent $350 million to $four billion through 2025, in accordance to Cognilytica. However sure nuances could make imposing MLOps a problem. A survey through NewVantage Companions discovered that handiest 15% of main enterprises have deployed AI functions into manufacturing at any scale.

Domino, which was once based in 2013 through Chris Yang, Matthew Granade, and Elprin, gives a collection of device finding out fashion control gear that assist fight problems like thought waft, when the statistical homes a fashion is making an attempt to are expecting shift over the years. The corporate’s digital workbench permits engineers to leverage present gear in monitoring, reproducing, and evaluating experiments whilst discovering, discussing, and reusing paintings in a single position.

Domino Data Lab

Domino Data Lab

“As enterprises advance their adoption of device finding out, they increasingly more require an enterprise-grade, open platform to orchestrate and set up those workloads — and Domino completely meets this rising marketplace want,” Nice Hill Companions’ Derek Schoettle stated in a commentary.

MLOps platform

The usage of Domino, consumers — which come with greater than 20% of the Fortune 100 — can spin up interactive workspaces at the hardware in their selection and scale to extra tough compute sources if vital. The platform supplies a integrated package deal supervisor to arrange the libraries and gear tapped all through a undertaking, in conjunction with versioned datasets to trace information used throughout fashion coaching and trying out. Domino’s reporting options let admins time table reviews to be generated and dropped at stakeholders robotically, whilst information pipelines deal with duties to stay fashions up-to-the-minute.

At the fashion operations facet of the equation, Domino we could consumers deploy fashions as on-demand APIs or export fashions for deployment on different infrastructure. It may possibly come across information waft and observe the efficiency of fashions within the wild whilst alerting engineers to those who underperform, with a registry that displays the standing of fashions at a look. Domino additionally helps to keep tabs on computing and measures the industry have an effect on of fashion APIs and apps because it surfaces undertaking well being in the case of each development and doable roadblocks.

Domino says Nvidia’s funding will permit it to broaden product capability to extend the sped up computing functions of its platform. This contains validating the Domino platform for Nvidia AI Undertaking, a controlled selection of instrument gear designed to boost up device finding out workloads so Domino can run on Nvidia-certified programs from OEM hardware suppliers. Since 2020, Domino has presented licensed venture MLOps instrument for Nvidia DGX programs as a member of Nvidia’s DGX-ready instrument program.

“AI and knowledge science are new workloads that call for a full-stack resolution — one with gear that simplify construction and deployment for purchasers,” Nvidia venture computing head Manuvir Das stated in a commentary. “Our partnership with Domino Knowledge Lab displays our dedication to venture MLOps. With Nvidia AI Undertaking integration into the Domino platform, consumers will be capable to simply combine complicated AI gear into their conventional datacenter infrastructure.”

Domino, whose consumers come with Dell, Allstate, UBS, Bristol Meyers, ConocoPhillips, and Lockheed Martin, in the past raised $43 million in a investment spherical co-led through Highland Capital Companions and Dell Capital. The corporate competes with a number of startups within the multibillion-dollar MLOps marketplace, together with Iterative.ai, Comet, Weights and Biases, and DataRobot, which in July closed a $300 million financing tranche at a $6.three billion post-money valuation.

To stay alongside of the contest, Domino not too long ago added new functions that combine with Git repositories to assist customers extra simply monitor all sides of fashion experimentation. The corporate additionally added a function that makes it conceivable to run more than one sandboxed environments concurrently to strengthen productiveness, in addition to a brand new set of applied sciences — Domino Type Track — designed to forestall fashions from degrading.

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