VESSL AI, a South Korea-based MLOps platform provider, has secured $12 million in a Series A funding round, bringing its total raised to $16.8 million.
Investors
The round included investments from A Ventures, Ubiquoss Investment, Mirae Asset Securities, Sirius Investment, SJ Investment Partners, Wooshin Venture Investment, and Shinhan Venture Investment.
VESSL AI Use of Funds
The company will use the funding to develop its infrastructure further and expand its market presence.
About VESSL AI
Founded in 2020 by Jaeman Kuss An, Jihwan Jay Chun, Intae Ryoo, and Yongseon Sean Lee, VESSL AI provides an MLOps (Machine Learning Operations) platform designed to optimize AI infrastructure. The platform helps organizations manage and scale their AI and machine learning projects by integrating both on-premise and cloud resources. VESSL AI has 50 enterprise customers, including Hyundai, LIG Nex1, and TMAP Mobility. It also maintains strategic partnerships with Oracle and Google Cloud.
Funding Details
Company: VESSL AI, Inc.
Raised: $12.0M
Round: Series A
Funding Date: October 2024
Investors: A Ventures, Ubiquoss Investment, Mirae Asset Securities, Sirius Investment, SJ Investment Partners, Wooshin Venture Investment, Shinhan Venture Investment
Company Website: https://vessl.ai/
Software Category: Machine Learning Operations
Source: https://techcrunch.com/2024/10/07/vessl-ai-secures-12m-for-its-mlops-platform/