Seldon, the machine learning deployment specialist, raised a £7.1m Series A two years after HBSAAL pitch
Investors in this round: Albion VC, Cambridge Innovation Capital, Amadeus Capital Partners, Global Brain and existing shareholders
The Harvard Business School Alumni Angels of London (HBSAAL) would like to congratulate Seldon, a cloud-agnostic machine learning deployment specialist and a previous HBSAAL startup laureate, for their continued success.
Alex Housley founded Seldon Technologies Ltd in 2014 with a simple yet ambitious aim: accelerate the adoption of machine learning to solve some of the world’s most challenging problems. The business has seen exciting growth and has built the team to 19, including a new Sales Director (ex Oracle) and a Machine Learning Engineering Director (ex Eigen). Seldon Core, the open-source model serving platform, is seeing strong organic traction including multiple new enterprise customers. In May 2019 Alibi was released, a standalone library for XAI that brings together a variety of leading algorithms with a consistent API and high-quality reference implementations.
Further to the funding raised at the March 2018 HBSAAL pitch event, Seldon closed a $3.4m seed round in December 2018, led by Amadeus Capital alongside Global Brain, Techstars Ventures and other existing investors.
In June 2019, Seldon was nominated at the 2019 UK British Angel Association (UKBAA) Awards under the ‘Best Investment in Deep Tech’ category.
Seldon has now raised a £7.1 million Series A round co-led by AlbionVC and Cambridge Innovation Capital. The round also includes significant participation from existing investors Amadeus Capital Partners and Global Brain, with follow-on investment from other existing shareholders. This funding will be used to accelerate R&D and drive commercial expansion, take Seldon Deploy — a new enterprise solution — to market and double the size of the team over the next 18 months.
The HBS Alumni Angels of London (HBSAAL)
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