AI app deveIopment software provider Iguazio boosted its overall funding to $72m in a round featuring Verizon Ventures and Samsung SDS.

Israel-based machine-learning software developer Iguazio secured $24m in funding yesterday from investors including Verizon Ventures and Samsung SDS, subsidiaries of telecommunications firm Verizon and consumer electronics producer Samsung respectively.

Venture capital fund INCapital Ventures led the round, which was also backed by Pitango, Magma Venture Partners, Kensington Capital Partners, Plaza Ventures and Silverton Capital Ventures.

Iguazio has created a data science platform that allows artificial intelligence applications utilising machine learning technology to be developed and released at scale. It will…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.