Barclays accelerator grad Seldon raises £2.7m in seed round

Machine learning deployment startup Seldon announced a £2.7 million ($3.5mn) funding round led by Amadeus Capital Partners alongside Global Brain Corporation, Techstars and other existing investors.

Commercial success is being driven by business wins across multiple sectors including fintech and retail sectors, supporting business-critical applications such as FX trading, churn prediction and stock optimization. Seldon was part of Techstars Barclays Accelerator London in 2016 and is a guest advisor to the UK’s All-Party Parliamentary Group on Artificial Intelligence.

It’s a global technology business focused on the fast-growing machine intelligence market. Its open-source machine learning deployment platform makes it easier and quicker to manage, serve and optimize machine learning models at scale. The platform is built on cloud-native technologies such as Kubernetes.

Seldon’s initial product offering, Seldon Core, had over 170,000 installs in 2018 and recorded 38% month-on-month growth in H2 2018. In 2019, it will release new enterprise-scale software, Seldon Deploy, which enables data science specialists to move into production more easily with compliance, offering audit trails and approvals, advanced experiments, and model explanations.

The seed round is led by Amadeus Capital Partners, one of Europe’s most active venture capital investors in AI and machine learning according to Pitchbook, along with Global Brain Corporation, one of the largest Japanese deep technology venture capital investment firms and Techstars, which has been supporting the startup since it took part in the Barclays Accelerator. Existing investors include Force Over Mass Capital, Playfair Capital, Cascade Global and angels, all of whom committed further capital in the round.

Read the full release

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