ZenML raises an additional $3.7M and launches a managed service
German startup ZenML has just announced that it secured an additional $3.7 million in funding as an extension of its seed round. ZenML's core product is an MLOps solution that offers end-to-end coverage of the ML lifecycle. The tool will soon be available as a managed service.
German startup ZenML has just announced that it secured an additional $3.7 million in funding as an extension of its seed round. The extension was led by Point Nine and followed by the original investor, Crane, with the participation of some additional backers. This brings the startup's total funding to $6.4 million after the successful seed round.
The funding extension news continues the startup's winning streak: ZenML was recently named one of Germany's most promising startups and reports that it has seen an exponential increase in the usage of its core product, the open-source ZenML. The startup has also come up with exciting good news to follow the funding announcement: ZenML will roll out the managed service ZenML Cloud soon. ZenML Cloud is planned as a custom-priced pay-as-you-go SaaS solution that includes everything in the free, open-source service plus additional scaling-specific features such as multi-tenancy with isolated servers, Role Based Access Control (RBAC), and predefined roles.
Development of the core open-source tool will continue since Cloud is meant to play a complementary role rather than substitute the open-source offering. Furthermore, the open-source tool is still at the heart of both Cloud and Enterprise plans for the service. The startup stated that there are upcoming updates to the core open-source tool.
