- Tecton, a company that enables data scientists to turn raw data into production-ready features, announced it has raised $25 million in a round co-led by Andreessen Horowitz and Sequoia
Tecton is a company that enables data scientists to turn raw data into production-ready features, the predictive signals that feed machine learning models. And recently, Tecton.ai emerged from stealth and formally launched with its data platform for machine learning. Now Tecton is in private beta with paying customers, including a Fortune 50 company.
Plus Tecton.ai also announced $25 million in seed and Series A funding co-led by Andreessen Horowitz and Sequoia. Andreessen Horowitz general partner Martin Casado and Sequoia partner Matt Miller have joined the board.
Tecton.ai founders Mike Del Balso (CEO), Kevin Stumpf (CTO), and Jeremy Hermann (VP of Engineering) worked together at Uber when the company was struggling to build and deploy new machine learning models so they had created Uber’s Michelangelo machine learning platform. Uber’s Michelangelo was instrumental in scaling the company’s operations to thousands of production models serving millions of transactions per second in just a few years. And today it supports a myriad of use cases ranging from generating marketplace forecasts, calculating ETAs, and automating fraud detection.
Del Balso, Stumpf, and Hermann went on to launch Tecton.ai in order to solve the data challenges that are the biggest impediment to deploying machine learning in the enterprise today.
Enterprises are generating vast amounts of data, but the problem is harnessing and refining the data into predictive signals that power machine learning models. As a result, engineering teams end up spending the majority of their time building bespoke data pipelines for each new project. Since these custom pipelines are complex, expensive, and redundant, new projects never get deployed.
Key Quotes:
“Data problems all too often cause last-mile delivery issues for machine learning projects. With Tecton, there is no last mile. We created Tecton to empower data science teams to take control of their data and focus on building models, not pipelines. With Tecton, organizations can deliver impact with machine learning quickly, reliably and at scale.”
-Tecton.ai co-founder and CEO Mike Del Balso
“The ability to manage data and extract insights from it is catalyzing the next wave of business transformation. The Tecton team has been on the forefront of this change with a long history of machine learning/AI and data at Google, Facebook and Airbnb and building the machine learning platform at Uber. We’re very excited to be partnering with Mike, Kevin, Jeremy and the Tecton team to bring this expertise to the rest of the industry.”
-Martin Casado, general partner at Andreessen Horowitz
“The founders of Tecton built a platform within Uber that took machine learning from a bespoke research effort to the core of how the company operated day-to-day. They started Tecton to democratize machine learning across the enterprise. We believe their platform for machine learning will drive a cambrian explosion within their customers, empowering them to drive their business operations with this powerful technology paradigm, unlocking countless opportunities. We were thrilled to partner with Tecton along with a16z at the seed and now again at the Series A. We believe Tecton has the potential to be one of the most transformational enterprise companies of this decade.”
-Matt Miller, partner at Sequoia
