# Qwak AI

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

- Industry: Internet
- Headquarters: Tel Aviv, Israel
- Website: www.qwak.com
- Total disclosed funding: $31M
- Latest round: Series A (Mar 1, 2023)
- Investors on record: 4

## About

Based in Tel Aviv, Israel, and founded in 2020 by  Alon Lev, Yuval Fernbach, Lior Penso, and Ran Romano, Qwak AI develops a management platform designed for machine learning models in production. In March 2023, Qwak AI raised USD 12 million in series A funding led by new investor Bessemer Venture Partners.

Qwak AI develops a platform that helps companies to adopt machine learning. The company's platform offers a data lake, a centralized repository that allows customers to store all structured and unstructured data, as well as a feature store for engineering features. The platform allows feature engineering, which is the process that takes raw data and transforms it into features that can be used to create a model. Qwak also has automation features that allow customers to configure triggers based on different model layers, infrastructure, data, and statistics. The platform also allows users to run actions such as triggering a build and deployment, or external, like calling external APIs and integrating with third-party apps.

Qwak AI plans to use the funds to solve the challenge by integrating data science models into organizations.

## Funding rounds

- Series A, Mar 1, 2023, $12M — StageOne Ventures, Bessemer Venture Partners, Amiti Ventures, Leaders Fund
- Series A, Feb 9, 2022, $15M — StageOne Ventures, Amiti Ventures, Leaders Fund
- Seed, Aug 2, 2021, $4M — StageOne Ventures, Amiti Ventures

## Investors

- StageOne Ventures (https://capitalatlas.ai/funds/stageone-ventures) — Seed, Series A
- Amiti Ventures (https://capitalatlas.ai/funds/amiti-ventures) — Seed, Series A
- Leaders Fund (https://capitalatlas.ai/funds/leaders-fund) — Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A