Domino Data Lab Announces New ML Model Monitoring Product, $43M in New Funding, and Innovations to its Enterprise Data Science Management Platform
Summary
Having an automated tool to monitor this drift against the training data is very important; Domino Model Monitor will save us significant time previously spent on maintenance and investigation.” New $43M Funding round: Today’s DMM introduction comes as the company also announced its latest funding round of $43M led by Highland Capital Partners, bringing the total amount raised to $128M. " In a space with so much hype and noise, it’s clear Domino is creating material value for the world’s most sophisticated enterprises.” “ Enterprises continue to leverage data science to transform every aspect of their business, from customer support and engagement, to product development and research, to IT systems and operations management,” said Daniel Docter, managing director, Dell Technologies Capital. “ Domino’s open data science platform provides support for preferred languages, tools, and frameworks, and quick access to any infrastructure for reproducible and transparent model creation and deployment. We’re excited to welcome Domino Data Lab to our growing portfolio of innovative AI and machine learning investments.” Domino’s use by the Fortune 500 has increased since COVID-19, as enterprises such as Dell Technologies, Allstate, VMware, and Bristol-Myers Squibb have deepened their AI and machine learning investments. Model-driven companies including Allstate, Dell Technologies, and Bayer use Domino as a data science system of record to accelerate breakthrough research, increase collaboration, and rapidly deliver high-impact models.