Machine learning technology provider DataRobot has paid an undisclosed amount to acquire ParallelM, a US-based developer of machine learning monitoring software, allowing semiconductor producer Intel to exit.
Founded in 2014 as Parallel Machines, ParallelM develops software that automates machine learning management. Its MCenter platform assists data scientists in quickly and easily transferring machine learning models into applications.
DataRobot paid tens of millions of dollars to purchase the company, a person familiar with the matter told Calcalist. DataRobot has been looking to ramp up its model deployment, management and governance levels in machine learning, and has acquired Cursor, Nexosis and Nutonian in the past two years.
The corporate plans to leverage ParallelM’s machine learning operations and governance systems to offer artificial intelligence development for projects across cloud, private cloud, multi-cloud, on-premise and mixed platforms.
ParallelM raised an undisclosed amount from Intel Capital in 2015, having also received funding from venture capital firms Pitango Venture Capital, Viola Ventures and 83North, according to Calcalist.
