Iguazio

Company Overview

Snapshot

Founded in December 2014 by Asaf Somekh, Yaron Haviv, Yaron Segev, and Orit Nissan-Messing, Iguazio operated with 51–200 employees. The company raised a total of $72 million across 4 funding rounds from 11 investors. In January 2023, Iguazio was acquired by McKinsey & Company.

Business overview

Iguazio provided a Machine Learning Operations (MLOps) platform designed to help enterprises build, deploy, and manage ML/AI and generative AI applications at scale. Its core technology automated and accelerated every stage of the AI pipeline, offering capabilities for data preparation, tuning, validation, CI/CD, and model optimization. The platform supported various open-source and commercial LLMs and AI/ML models, enabling real-time serving and deployment in multi-cloud, on-premise, and hybrid environments. Iguazio served industries such as financial services, manufacturing, and smart mobility, helping clients develop 'AI factories' for repeatable and modular AI service rollout.

Strategic signal

In January 2023, Iguazio was acquired by McKinsey & Company, marking a significant strategic move that integrated its MLOps platform into QuantumBlack, McKinsey’s AI arm. This acquisition signals a strong validation of Iguazio's technology and its potential to enhance McKinsey's AI capabilities, providing a robust platform for accelerating AI deployment and management for their enterprise clients.

Company Intelligence Q&A

What was a significant corporate milestone for Iguazio?

In January 2023, Iguazio was acquired by McKinsey & Company, ceasing independent operations and becoming part of QuantumBlack, McKinsey’s AI arm.

When did Iguazio launch its MLOps Platform in AWS Marketplace?

In October 2021, Iguazio launched its MLOps Platform in the AWS Marketplace, expanding its reach and accessibility for customers utilizing AWS cloud services.

Which companies deployed Iguazio's data science platform in 2020?

In June 2020, NetApp deployed Iguazio's data science platform to optimize storage management. Additionally, in September 2020, PadSquad deployed the platform to predict ad performance in real-time.

Which investors participated in Iguazio's January 2020 funding round?

In January 2020, Iguazio received funding from investors including INcapital Ventures.

What recognition did Iguazio receive from Gartner in 2017?

In May 2017, Iguazio was selected as a Gartner Cool Vendor in Data Management, recognizing its innovative approach in the data management sector.