Qwak nets $12 million investment for machine learning platform
The Israeli startup’s ML platform allows data science and ML engineering teams to continuously build, train, and deploy ML models and features to production at scale
Qwak, which has developed an end-to-end MLOps platform, announced on Wednesday a new $12 million investment from Bessemer Venture Partners. Existing investors Leaders Fund, StageOne Ventures and Amiti, also participated in the round. Qwak took its total funding to date to $27 million.
Full list of Israeli high-tech funding rounds in 2023
The investment comes as machine learning (ML) is breaking into the mainstream, with generative AI applications like Dall-E, MidJourney and ChatGPT becoming massively popular and disrupting the creative industries.
Qwak was co-founded in 2021 by Alon Lev (CEO), former VP Data at Payoneer; Yuval Fernbach (CTO), former Machine Learning Specialist at Amazon Web Services and former CTO in the IDF’s Mamram; Lior Penso (COO), former Business Development Manager at ironSource and Amazon Web Services; and Ran Romano (VP of Engineering), former Machine Learning engineering leader at Wix.com.
Qwak, which employs around 30 people, most of them in Israel, said that its customers include NetApp, Lightricks, Yotpo, JLL, Guesty and OpenWeb.
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Qwak’s ML platform allows data science and ML engineering teams to continuously build, train, and deploy ML models and features to production at scale. The platform brings all stages of the MLOps lifecycle together into a single end-to-end platform that unifies all parts of ML development through to production.
