Zerve, a Tipperary, Ireland-based platform designed for data science and AI development, has raised $7.6 million in seed funding.
Investors
The round was led by Paladin Capital Group, with participation from existing investor Elkstone and notable angel investor Rob Hickey, former Executive Vice President of Engineering at DataRobot.
Paladin Capital Group is a global venture and growth capital investor, supporting innovative companies in commercial and governmental markets. Headquartered in Washington, DC, with offices in London, Luxembourg, New York, and Silicon Valley, Paladin focuses on diverse investments worldwide, offering strong value-added support to its portfolio companies.
Zerve Use of Funds
With this funding, the company plans to use the funds to accelerate its R&D, enhance customer support, and expand its reach globally.
About Zerve
Founded by Phily Hayes, Jason Hilary, and Greg Michaelson, Zerve provides a developer-focused platform designed to simplify and enhance the development, management, and deployment of AI and data science workflows. The platform offers tools like automated infrastructure management, cross-language support, and robust version control to streamline AI processes and improve scalability and resilience. Since its commercial launch in February 2024, Zerve has onboarded over 4,000 users to its free product tier.
Funding Details
Company: Zerve AI Ltd.
Raised: $7.6M
Round: Seed
Funding Date: October 2024
Lead Investor: Paladin Capital Group
Additional Investors: Elkstone, Rob Hickey
Company Website: https://www.zerve.ai
Software Category: Data Science and AI Development
Source: https://startupsmagazine.co.uk/article-zerve-raises-76m-maximise-ai-and-data-business-impact