MLOps platform Galileo lands $18M to launch a free service
Summary
Galileo, a startup launching a platform for AI model development, today announced that it raised $18 million in a Series A round led by Battery Ventures with participation from The Factory, Walden Catalyst, FPV Ventures, Kaggle co-founder Anthony Goldbloom and other angel investors. The new cash brings the companys total raised to $23.1 million and will be put toward growing Galileos engineering and go-to-market teams and expanding the core platform to support new data modalities, CEO Vikram Chatterji told TechCrunch via email.As the use of AI becomes more common throughout the enterprise, the demand for products that make it easier to inspect, discover and fix critical AI errors is increasing. According to one recent survey (from MLOps Community), 84.3% of data scientists and machine learning engineers say that the time required to detect and diagnose problems with a model is a problem for their teams, while over one in four (26.2%) admit that it takes them a week or more to detect and fix issues.Some of those issues include mislabeled data, where the labels used to train an AI system contain errors, like a picture of a tree mistakenly labeled houseplant. By one estimation, the market for MLOps could reach $4 billion by 2025.Theres no shortage of startups going after the space, like Comet, which raised $50 million last November. Other vendors with VC backing include Arize, Tecton, Diveplane, Iterative and Taiwan-based InfuseAI.But despite having launched just a few months ago, Galileo has paying customers from high-growth startups to Fortune 500 companies, Sanyal claims.