# Iguazio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iguazio

- Industry: Software
- Headquarters: Herzliya, Israel
- Website: www.iguazio.com
- Total disclosed funding: $48M
- Latest round: Series B (Jul 25, 2017)
- Investors on record: 7

## About

Iguazio Ltd., based in Herzliya, Israel, specializes in providing an AI platform that facilitates the operationalization and management of machine learning and generative AI applications at scale.Founded in 2014 in Herzliya, Israel, Iguazio Ltd. delivers advanced AI solutions for managing machine learning workflows. The company's CEO, Asaf Somekh, leads its operations. In January 2023, Iguazio was acquired by McKinsey & Company for USD 50.00 mn, which will strengthen McKinsey's AI research and development capabilities. The company has completed four funding deals, with the most recent deal occurring in January 2023.Iguazio offers a comprehensive AI platform designed to operationalize and manage machine learning (ML) and generative AI applications at scale. The platform encompasses features such as AI pipeline orchestration, model monitoring, CI/CD for machine learning, GPU management, and serverless automation. It enables organizations to deploy AI effectively in live business environments while addressing operational challenges like time-to-market and data privacy compliance. Iguazio's clients span multiple industries including telecommunications, healthcare, manufacturing, and financial services, showcasing the platform's application in real-time predictive maintenance and AI-driven recruitment processes. With a presence in North America, Europe, and Latin America, Iguazio supports deployments in both on-premises and multi-cloud environments.Iguazio operates on a subscription-based revenue model, allowing clients access to its AI platform and services. This approach fosters long-term partnerships and a steady revenue stream through recurring subscriptions, which can vary based on deployment scale and specific service offerings. The pricing model is structured to accommodate the needs of diverse enterprise clients, with transactions generally negotiated directly. Key offerings, such as end-to-end MLOps capabilities and the integrated feature store, are central to Iguazio's business strategy, enhancing operational efficiencies.In January 2023, McKinsey & Company acquired Iguazio Ltd. for USD 50.00 mn, which will be utilized to bolster its AI research and development center and scale AI deployments. The acquisition is expected to facilitate new product designs and launches, though specific details on upcoming products have not been disclosed. Iguazio aims to expand its market presence, focusing on new geographic regions, although particular markets have not been specified.

## Funding rounds

- Series B, Jul 25, 2017, $33M — Jerusalem Venture Partners, Pitango, Magma Venture Partners, Robert Bosch Venture Capital, Verizon Ventures, CME Ventures, Dell Technologies Capital
- Series A, Nov 25, 2015, $15M — Jerusalem Venture Partners, Magma Venture Partners, Dell Technologies Capital

## Investors

- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Series A, Series B
- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Series A, Series B
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A, Series B
- Pitango (https://capitalatlas.ai/funds/pitango) — Series B
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series B
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series B
- CME Ventures (https://capitalatlas.ai/funds/cme-ventures) — Series B