Pachyderm Secures $16 Million Investment Led by M12 - Microsoft’s Venture Fund

SAN FRANCISCO--(BUSINESS WIRE)--Pachyderm, an enterprise-grade, open source platform that enables explainable, repeatable, and scalable data science, today announced it has raised $16 million in Series B financing led by M12, Microsoft’s venture fund. M12’s investment was led by Microsoft Corporate Vice President and the fund’s Global Head Nagraj Kashyap, who will join Benchmark’s Chetan Puttagunta on Pachyderm’s board of directors. “ M12 and Decibel will prove essential to our expansion,” said Joey Zwicker, Co-founder of Pachyderm, “ With their experience supporting the growth of B2B startups and their direct access to Microsoft’s and Cisco’s strength, expansive enterprise network and diversity of investments, we see them as essential partners for our next stage of growth.” Since launching in 2014, Pachyderm’s data science platform has become a critical tool within the machine learning software stack by providing AI development teams with a reliable, single source of truth for their machine learning pipelines. Over the past year, Pachyderm has attracted enterprise customers including Shell, LogMeIn, Battelle Ecology and AgBiome, as well as multiple government agencies, pharmaceutical and bioinformatics companies, two major North American banks, and others within the Fortune 500. Pachyderm allows these companies to quickly comply with emerging AI legal standards and ensures that Machine Learning Operations (MLOps) teams can always recreate data science experiments perfectly every time.