Cnvrg.io is a data science company that helps teams produce and run machine learning models. In fact, the company calls its products – an operating system for machine learning and artificial intelligence
Intel today announced the acquisition of Cnvrg.io, an Israeli data science company that helps teams produce and run machine learning models. In fact, the company calls its products – an operating system for machine learning and artificial intelligence.
Cnvrg.io specializes in scaling machine learning from research to production, and the company says it will give data science teams all the tools they need in one place. In this way, customers can increase the capacity of machine learning applications and build models in half the time.
The amount of the purchase was not disclosed but the Calcalist website reported that it stands at $ 60 million. To date, the company, founded in 2006, has raised about $ 8 million from Naco venture capital funds, Jerusalem Venture Capital, and investors Kevin Bramster and Prasent Malik.
The company’s major customers include Anvidia (Intel’s competitor) and Netap.
Intel has stated that Cnvrg.io will be an independent company owned by Intel and will continue to serve existing and future customers.
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