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Domino Data Lab Raises $100M, Extends Nvidia Alliance
Domino’s MLOps platform works with Nvidia DGX-based systems manufactured by OEMs and the chip designer’s AI Enterprise suite of AI and data analytics software.
Machine learning tech developer Domino Data Lab has raised $100 million in a Series F round of funding and is expanding its product integration and joint sales partnership with processor designer Nvidia.
Nvidia is also an investor in Domino and is a participant in the latest funding round, announced Tuesday, which brings Domino’s total financing to $228 million.
The Series F round was led by Great Hill Partners with participation from existing investors Coatue Management, Highland Capital Partners and Sequoia Capital.
Domino develops an enterprise machine learning operations (MLOps) platform that businesses and organizations use to manage the development and deployment of data science models.
Domino said that in the past two years the San Francisco-based company has doubled both its annual recurring revenue and the number of Global 2000 companies that are using its platform.
“Our mission is to help our customers unleash the power of data science,” said Nick Elprin, Domino CEO and co-founder, in a statement. “We’re thrilled to have the support of Great Hill Partners and NVIDIA to accelerate our growth and innovation, which in turn will help our customers address the world’s most important challenges.”
Domino has had a partnership with Nvidia since 2020, providing Enterprise MLOps software certified for Nvidia DGX systems as a member of the Nvidia DGX-Ready Software program.
Tuesday Domino said the two companies are expanding that relationship by further integrating their products and expanding their joint sales efforts for their products.
Domino and Nvidia are developing product functionality “to expand the accelerated computing capabilities” of the Domino platform, including validating Domino for Nvidia’s AI Enterprise suite of AI and data analytics software. That will allow Domino to run on mainstream Nvidia-certified systems from OEM hardware vendors, Domino said.
Nvidia launched the AI Enterprise software suite in August on VMware’s vSphere virtualization platform.
Domino also announced that it has hired former Tableau Software and Avalara finance executive Tom Gleason as the company’s new CFO. Gleason worked at Tableau for nine years including serving as vice president of finance from October 2016 to August 2020. For the last year he has worked at Avalara as vice president of finance and strategy.