KNIME, a leading open-source data science and AI company, has announced a significant $30M funding boost from its longtime investor, Invus. This additional investment increases KNIME’s total funding to $50M and will support the expansion of its enterprise-grade AI governance and ModelOps capabilities, helping it stay ahead in the rapidly evolving field of data science.
Funding and Growth
- Additional Investment: Invus contributes $30M, raising total funding to $50M.
- Revenue and Reach: KNIME has grown to €30M in revenue since 2017, with a 30-40% annual growth rate.
- Customer Base: Serves nearly 400 customers globally, including major companies like ASML, Audi, and P&G.
Platform Enhancements
- AI Governance and ModelOps: Focus on improving enterprise-grade capabilities.
- New Features: Introduction of cloud-ready KNIME Analytics Platform with updated UX/UI, K-AI AI assistant, and re-engineered KNIME Business Hub.
- SaaS Offering: New Team Plan for KNIME Community Hub for flexible, pay-as-you-go automation.
Achievements and Certification
- ISO 27001 Certification: Demonstrates commitment to high global information security standards.
- Community Impact: Largest low-code data science community with nearly half a million users worldwide.
Leadership and Vision
- Michael Berthold, CEO: Emphasizes the open-source community’s role in providing cutting-edge techniques and accelerating innovation.
- Mario Kaloustian, Managing Director at Invus: Highlights KNIME’s ability to accelerate AI adoption with centralized governance and ModelOps.
The additional $30M funding for KNIME positions the company to advance its AI governance and ModelOps capabilities, further enhancing its data science and AI platform. This strategic investment supports KNIME’s mission to drive innovation and address the growing demand for comprehensive data-driven solutions.
