1.5 years ago Leaders Fund was lucky enough to be introduced to the four Co-Founders of Qwak, Alon Lev, Lior Penso, Yuval Fernbach and Ran Romano. It was early days for the business, but they painted a compelling picture of a future where all consumer and enterprise software was powered by a layer of AI.
The path to reach that AI future was fraught with infrastructural challenges though. They believed that someone needed to build a single platform that companies could standardize their ML operations on in order to successfully deploy AI based products. We agreed, and led their Series A.
Fast forward to today, and the industry has exploded. ChatGPT has opened the world's eyes to the possibilities of AI, but the core infrastructure challenges remain. Qwak is helping world leading companies like NetApp, JLL, Lightricks, and Yotpo solve these challenges and dramatically increase their AI output.
We are excited to announce that our friends at Bessemer Venture Partners share this view, and have led a $12 million financing in the company. Ariel Sterman is joining the team, and we look forward to partnering on powering the AI revolution with Qwak.
We believe Qwak will become the MLOps platform that companies standardize on to dramatically increase the speed of development and throughput of AI products.
We are thrilled to be part of the journey.More on the financing here: https://lnkd.in/gTraf7ch