Samsung SDC backs VC-backed Iguazio


Samsung SDC has made an investment in Israel-based Iguazio, a data platform. No financial terms were disclosed. Iguazio is backed by Pitango Venture Capital, Verizon Ventures, Robert Bosch Venture Capital GmbH, CME Ventures, Magma Venture Partners, Jerusalem Venture Partners and Dell Technologies Capital.

PRESS RELEASE

HERZLIYA, Israel–(BUSINESS WIRE)–Iguazio, provider of the high performance platform for serverless and machine learning applications, announced it is partnering with Samsung SDS, a global software solutions and IT services company, to accelerate and streamline the delivery of intelligent applications. Samsung SDS has invested in Iguazio and will incorporate its platform into Samsung’s cloud services portfolio, powering serverless agility and data science operations for cloud native and AI-driven applications.

“Samsung SDS is excited to invest in Iguazio. We look forward to providing our customers with intelligent, serverless applications by implementing Iguazio’s technology to our cloud’s PaaS,” said Dr. Shim Yoon, Executive Vice President, Cloud Business Division Leader of Samsung SDS.

“Iguazio welcomes Samsung SDS as a strategic Investor,” said Asaf Somekh, CEO, Iguazio. “We’re already working with different Samsung SDS groups on financial services and manufacturing deployments and are excited about the value Iguazio has created by powering Samsung’s cloud with serverless and machine learning.”

Iguazio’s platform includes data services and AI tools, empowering end-to-end serverless agility in the enterprise and real-time applications to improve performance, security, collaboration and the scalability of machine learning. Iguazio’s Nuclio is the leading open source serverless framework, enabling the development of modern applications over Kubernetes without having to manage infrastructure.

About Samsung SDS
Samsung SDS was founded in 1985 and has been leading the digital transformation and innovation of its clients for over 30 years. With the vision to become a data-driven digital transformation leader, Samsung SDS utilizes advanced technologies such as analytics platforms, AI, blockchain and cloud to serve a diverse range of industries including intelligent manufacturing, global logistics, enterprise mobility, financial services and retail. For more information, visit https://www.samsungsds.com.

About Iguazio
The Iguazio platform accelerates the delivery of intelligent applications from data science to production and derives fast time to value for application development based on machine learning. It combines real-time action and AI across a variety of data sources and types in high volumes, while eliminating infrastructure management. Iguazio powers applications for manufacturing, healthcare, pharma, insurance, financial services and telcos. In addition to Samsung SDS, Iguazio is backed by Pitango Venture Capital, Verizon Ventures, Robert Bosch Venture Capital GmbH (RBVC), CME Ventures, Magma Venture Partners, Jerusalem Venture Partners and Dell Technologies Capital. The company is led by serial entrepreneurs and a diverse team of seasoned innovators in the USA, UK, Singapore and Israel. Visit www.iguazio.com for more.

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