On the model operations side of the equation, Domino lets customers deploy models as on-demand APIs or export models for deployment on other infrastructure. Domino’s reporting features let admins schedule reports to be generated and delivered to stakeholders automatically, while data pipelines handle tasks to keep models up to date. The platform provides a built-in package manager to organize the libraries and tools tapped throughout a project, along with versioned datasets to track data used during model training and testing. Using Domino, customers - which include more than 20% of the Fortune 100 - can spin up interactive workspaces on the hardware of their choice and scale to more powerful compute resources if necessary. “As enterprises advance their adoption of machine learning, they increasingly require an enterprise-grade, open platform to orchestrate and manage these workloads - and Domino perfectly meets this growing market need,” Great Hill Partners’ Derek Schoettle said in a statement. MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA. A survey by NewVantage Partners found that only 15% of leading enterprises have deployed AI capabilities into production at any scale. But certain nuances can make implementing MLOps a challenge. The market for such solutions could grow from a nascent $350 million to $4 billion by 2025, according to Cognilytica.
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MLOps, a compound of “machine learning” and “information technology operations,” is a newer discipline involving collaboration between data scientists and IT professionals with the aim of productizing machine learning algorithms. The funds, which bring Domino’s total raised to date to $228 million, will be put toward product development and platform expansion as the company looks to bolster its global customer base, according to CEO Nick Elprin.
#Domino data lab series
Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here.ĭomino Data Lab, a San Francisco, California-based provider of MLOps solutions, today announced that it has raised $100 million in a series F funding round led by Great Hill Partners and an expanded partnership with Nvidia, which also participated alongside Coatue Management, Highland Capital Partners, and Sequoia Capital.
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