Knime, a Zurich, Switzerland-based open-source data science and AI company, raised additional $30m in funding from Invus.
This brought total funding to $50M.
The company intends to use the funds to double down on development of its enterprise-grade AI governance and ModelOps capabilities, while continuing to stay ahead of the rapid innovation in the field.
Led by CEO Michael Berthold, Knime provides an open-source data science and AI platform that enables anyone – whether they come from a business, technical or data background – to intuitively work with data, every day. Its free and open-source KNIME Analytics Platform KNIME Hub is the commercial complement to KNIME Analytics Platform and enables users to automate workflows, collaborate on data science and AI projects, and share insights across the organization. Collectively, the products allow teams at all levels of analytics readiness to support the operationalization of data and to build a scalable data science and AI practice.
Since 2017, Knime has grown revenue to €30M, at 30-40% per year and is now serving nearly 400 customers such as ASML, Audi, AMD, Lilly, Novartis, Bayer, Sanofi, Genentech, the FDA, P&G, Mercedes-Benz, and others, with a team of 250 employees worldwide.
FinSMEs
06/08/2024