CUPERTINO, Calif., April 21, 2022–(BUSINESS WIRE)–Jarvis ML, the enterprise ML platform for every business, today announced the close of its Seed funding round totaling $16 million. The funding was led by Dell Technologies Capital, with additional participation by SHAKTI and more than a dozen veteran Silicon Valley technologists and business leaders.
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Jarvis ML Raises $16M to Democratize Enterprise-Grade Machine Learning (Graphic: Business Wire)
Jarvis ML was founded in 2021 to make the promise of machine learning accessible to any business, regardless of their current technical investment. And by reducing the time to deploy machine learning by 100x, the company enables anyone – from a marketer to a CFO – to capitalize on the efficiency, automation and scale delivered by machine learning within minutes.
Jarvis ML Founder Rakesh Yadav spent 14+ years at Google building the Machine Learning infrastructure powering Google Ads and Google Payments. His experience being at the forefront of these technologies positions him as one of the world’s foremost experts on machine learning at scale. The Jarvis ML team is comprised of a diverse group of machine learning and technology company veterans based around the world, many of whom have previously worked with Rakesh at Google.
“Leveraging machine learning the way that Google, Facebook or Amazon do shouldn’t be limited to technology giants,” said Rakesh Yadav, Founder & CEO of Jarvis ML. “Most companies suffer from data chaos – they have a huge amount of data that is dispersed across disparate systems and don’t know how to use it. Worse yet, they don’t realize how much gold exists in the data they already have. And in fairness, if it was clear to a human, the opportunities would already be realized. But repeatable, scalable & autonomous growth fueled by data requires an altogether different approach – most notably transcending data chaos by leveraging machine learning the way trillion-dollar companies with thousands of engineers do.”
“Fundamentally, every business, no matter what stage or sector, will need to be data driven to succeed. Rakesh has an insatiable appetite to help companies solve this need,” said Daniel Docter, managing director at Dell Technologies Capital, who will join Jarvis ML’s Board of Directors. “What he and his team at Jarvis ML have accomplished in less than a year is impressive but comes as no surprise. When it comes to applying world class ML to solving business problems, Rakesh practically wrote the book.”
The company has initially focused on alleviating data chaos in the eCommerce and Hospitality markets. Jarvis ML enables sellers and service providers to personalize customer experiences through all brand touchpoints, both online and offline, resulting in revenue growth while also reducing operations and marketing costs.
Early customer Twiddy & Company Vacation Rentals, the premier vacation rental provider on the Outer Banks of North Carolina, has been a Jarvis ML client since August 2021. “The ability for the Jarvis ML platform to continue learning, improving and delivering both growth and efficiencies to our business has been a joy to watch,” said Ross Twiddy, CEO of Twiddy & Company. “Based on the value delivered to our business, we switched our intelligence engine to Jarvis ML and haven’t looked back.”
Jarvis ML will leverage the new capital to grow its R&D, Sales & Marketing teams, in order to accelerate product development and market penetration.
About Jarvis ML
Jarvis ML’s mission is to be the most accessible and easy to use end-to-end machine learning platform. As a fully managed MLaaS solution, Jarvis ML enables companies to deploy a revenue generating intelligence engine to their businesses and products within minutes. Jarvis ML was founded in 2021 by Rakesh Yadav, who led the Machine Learning Operations platform development for Google Ads and Payments. Jarvis ML’s team has more than 50+ years of combined machine learning experience and is funded by Dell Technologies Capital, SHAKTI and more than a dozen veteran Silicon Valley technologists and business leaders.
About Dell Technologies Capital
Dell Technologies Capital is the global venture capital investment arm of Dell Technologies. The investment team backs passionate early-stage founders who push the envelope on technology innovation for enterprises. Since inception in 2012, the team’s sustained investment pace in excess of $200 million a year has resulted in more than 130 startups funded. Notable investments include Arista Networks, Cylance, Docusign, Graphcore, JFrog, MongoDB, Netskope, Nutanix, Nuvia, RedisLabs, Xometry and Zscaler. Headquartered in Palo Alto, California, Dell Technologies Capital also has offices in Boston, and Israel. For more information visit www.delltechcapital.com
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