Internet technology provider Google’s artificial intelligence fund, Gradient Ventures, co-led a $21m series A round for machine learning technology startup Streamlit yesterday.
The round was co-led by venture capital firm GGV Capital and included Bloomberg Beta, the big data-focused investment firm backed by media group Bloomberg, in addition to angel investors Elad Gil and Daniel Gross.
Founded in late 2018, Streamlit has built an open-source app framework that facilitates the creation of machine learning and data science applications. The cash will go to beefing up its core platform.
Gradient Ventures managing partner Anna Patterson said: “Streamlit is well positioned to change the way machine learning data is used in organisations. We are excited to continue working with Streamlit and see their open source tool in the hands of all data scientists.”
Patterson has joined the company’s board of directors along with Glenn Solomon from GGV. It had secured $6m in an October 2019 seed round led by Gradient Ventures and backed by Bloomberg Beta, Elad Gil, Daniel Gross, Jana Messerschmidt, Docker Solomon Hykes and Jake Klamka.
