PostgresML, a San Francisco, CA-based AI Postgres extension, raised $4.7 million in seed funding. The company has announced the general availability of its end-to-end machine learning operations platform.
SaaS Investors
The round was led by Amplify Partners, with participation from angels including the co-founders of Instacart and founding investors from Vercel and Box Group.
Founded in 2012, Amplify Partners is a venture capital firm based in Menlo Park, California. The firm prefers to invest in early-stage companies operating in information technology, machine intelligence, and infrastructure & developer tools sectors.
PostgresML Use of Funds
The company will use the funds to expand on early traction with developers and make AI more accessible for mid-sized companies.
About PostgresML
Founded in 2022 by Lev Kokotov. and Montanal Low, PostgresML is an end-to-end MLops platform in a simple extension for PostgreSQL. The platform allows developers to prototype and deploy AI applications on PostgreSQL, bringing the latest machine learning and large language models directly into the relational database. This reduces complexity for app developers and offers various performance, cost, and quality advantages. PostgresML users can deploy AI applications such as chatbots, forecasting, search, and fraud detection and perform novel generative AI techniques such as retrieval augmented generation quickly and at scale. They can use simple SQL or Python and Javascript SDKs – making AI more accessible to developers without classical ML training.
Funding Details
Company: PostgresML
Raised: $4.7M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Amplify Partners
Additional Investors: co-founders of Instacart and founding investors from Vercel and Box Group
Company Website: https://postgresml.org/
Software Category: Machine Learning Platform
Source: https://www.businesswire.com/news/home/20231109984513/en/