KNIME funding news – Zurich-based KNIME Secures $30Million in Funding

With the most recent funding round, the business will be able to accelerate the development of its enterprise-class AI governance and ModelOps capabilities.

Michael Berthold, co-founder and CEO of KNIME said, “With our open-source community, we can provide KNIME users intuitive access to a wealth of state-of-the-art techniques,”.

Invus invests equity in transformative opportunities in businesses, both publicly traded and privately held. The company, which has $10 billion under management, works in a number of sectors, including technology, healthcare, and consumer and retail.

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Mario Kaloustian, Managing Director at Invus adds: “KNIME enables fast, widespread data science and AI adoption, with centralized governance and ModelOps capabilities. This model answers the key question for the C-suite of every company: How do we accelerate innovation with GenAI while managing associated risks? Invus has proudly accompanied KNIME since 2017 and is thrilled to continue doing so.”

Berthold said, “Given the traction we’re experiencing in a booming market, we decided to take on additional funding to answer the growing demand for our end-to-end data science and AI platform. This is an incredible opportunity to accelerate data-driven innovation for our community, leveraging the drastic developments happening in the field,”.

About KNIME

KNIME is an open-source data science and AI platform run by Michael Berthold. Anyone may work with data using the company's free and open-source KNIME Analytics Platform, regardless of their expertise in business, technology, or data analysis. K-AI, an AI assistant that aids users in getting started or adding sophisticated functionality to their data projects, is another feature of the KNIME Analytics Platform. Users may work together on data science and AI projects, automate procedures, and share insights around the company with KNIME Hub.