OctoML is an AI machine learning acceleration platform that has raised $85M in venture capital. It’s a new technology that has been developed to simplify the process of building and deploying machine learning models.
With OctoML, users can easily develop, debug, and deploy machine learning models more quickly and efficiently than ever.
In this article, we’ll discuss how OctoML works and what are the advantages of using it.
What is OctoML?
OctoML is an open source platform that provides real-time machine learning models deployment and optimization. It can streamline development processes, increase training speed, and quickly deploy models into production environments while providing a secure data management infrastructure. OctoML focuses on leveraging the power of AI and ML to enable organisations to unlock the full potential of their data and make better decisions faster.
OctoML is built on top of Apache Spark and Kubernetes, providing extensive scalability and flexibility for organisations to meet their infrastructure needs. The core components of OctoML include a model repository where ML/AI models are stored securely; an AI/ML execution engine that automates the process of deploying, training, running inference, collecting model telemetry; an AI/ML manager which enables users to manage the services required by their model (data collection from the web or from other datasets); and finally a secure container environment in which raw data can be safely stored so it can be used for testing purposes.
The platform also offers users numerous features that help optimise models such as resource usage optimization, scaling models efficiently according to user requirements, adaptive tuning parameters for different layers within a model, as well as automatic versioning for keeping track of model evolution over time. Additionally, OctoML supports distributed tracking capabilities (gathering feedback from users in real-time). This makes it easier to easily find ways to improve a machine learning model’s performance without having too much work on developers’ hands.
What does OctoML do?
OctoML is a machine learning model optimizer and deployment platform for automated machine learning pipelines. It provides an easy way to quickly optimise and deploy models for machine learning workflows. As a result, OctoML enables enterprises to build AI-powered applications in a cost effective manner.
The main goal of OctoML is to reduce the time it takes for engineers and data scientists to develop, train, optimise and deploy their models, so that organisations can focus on the more important aspects of the ML project, such as building useful data models, exploring new business opportunities or improving customer experiences.
OctoML’s built-in ML optimization technology can automatically identify potential improvements that could lead to better performance, model size or inference time reductions when deploying a trained model into production. Moreover, it also provides selections of optimised algorithms such as convolutional neural networks (CNNs) and recurrent neural networks (RNNs) which speed up the AI training process while supporting highly accurate results.
Moreover, its automated model deployment technology makes it easy to package lightweight models into production-ready applications with minimal effort and expense. With support for both cloud-native architectures such as Kubernetes/Docker/Kustomize/Helm and serverless platforms such as AWS Lambda functions/Amazon Sagemaker deployments along with several other features from preflight checks to feature management; OctoML simplifies ML deployments without sacrificing key features like accuracy or scalability.
OctoML raises $85M for it for its machine learning acceleration platform
OctoML has recently raised $85M for its machine learning acceleration platform. OctoML helps users to scale their machine learning models to production with ease.
Its platform combines open source software and optimised hardware components, enabling users to customise their machine learning models for faster performance.
In this article, we’ll take a look at how OctoML’s machine learning platform works.
How does OctoML’s platform work?
OctoML’s machine learning acceleration platform provides a range of services to ensure the success of machine learning models. This includes optimising them for speed and accuracy, deploying them at scale with cloud services like Amazon Web Services and Azure, running them in production with auto-scaling features, understanding the impact of their use on performance and analytics, and managing their training datasets for continual improvement.
OctoML’s platform is designed around the concept of “Augmented ML” (AML): an approach that leverages architecture analysis, automated model optimization, runtime instrumentation, and related technologies to automate most aspects of building and managing highly accurate machine learning pipelines. The core component is the “model optimization engine” which provides a variety of features such as model compression into more efficient formats like ONNX Runtime (ORt), MLIR-based rewriting for improved resource usage efficiency alongside support for distributed execution using Apache Arrow or other technologies across CPU/GPU/TPU architectures.
The platform also includes analytics capabilities to analyse the performance of deployed models in one place so users can make informed decisions without manual efforts including data preparation cost analysis and recommendations around potential changes that can be applied to enhance their current models. This can further extend using data visualisation techniques to gain insights into certain properties or interesting characteristics in their datasets helping understand input-output relationships more quickly.
The OctoML’s platform provides a flexible rules based deployment system that automates deployment process by responding quickly to external events scheduled tasks or user defined triggers where applications can be monitored easily throughout its life cycle . Finally OctoML takes proactive steps towards security providing automated validation assuring robustness at various levels from data ingestion till inference process eliminating chances of any malicious activity during the merging process .
What are the benefits of using OctoML’s platform?
OctoML enables developers to quickly and easily create highly optimised, deployable machine learning models while reducing the complexity often associated with AI projects. In addition, OctoML simplifies workflow development by providing intuitive tools to speed up the process of optimising and deploying models.
OctoML’s platform provides several key benefits to developers:
– Fast and efficient deployment of models: OctoML’s platform significantly reduces the time required to deploy ML models, allowing for faster launch times and more agile iteration.
– Enhanced collaboration capabilities: With OctoML, different teams can easily collaborate on AI projects thanks to intuitive code optimization tools. This allows teams to streamline the model deployment process by standardising code formatting across datasets and increasing accuracy through parallelization.
– Upgraded Model Performance: OctoML also increases model performance through better optimization and enhanced utilisation of resources such as GPUs or CPUs for training, inference, or both. This ensures that data scientists are able to get maximum efficiency out of their data sets while not sacrificing accuracy or reliability during production and deployment stages.
– Cost savings: Additionally, developers will save time and money in creating highly optimised ML models because OctoML eliminates much of the manual coding required when optimising a model from scratch with traditional methods. This allows teams to focus on researching newer techniques instead of spending significant amounts of time writing repetitive or generic code blocks.
OctoML recently raised $85M in a series B round, which will be used to accelerate the development of its machine learning accelerator platform. This funding round has brought the total amount that OctoML has raised to $123 million.
This article will explore what OctoML is and how it plans to use the funding to further develop its platform.
How much funding has OctoML raised?
OctoML has raised a total of $15.3M in funding to date. Early stage investors include Google’s Gradient Ventures, In-Q-Tel’s Catalyst Fund, Versant Ventures, & Amplify Partners. Later stage investors include other notable funds like Redpoint & Foundation Capital, who both participated in their Series A funding round in June 2020.
OctoML’s AI optimization platform was built to address the challenge of bringing AI applications to production-ready deployments rapidly and cost efficiently while maintaining performance and scalability guarantees throughout the development process. The company works with customers within sectors such as automotive, healthcare, retail and finance to power their AI infrastructures end-to-end from prototyping to deployment staging and ongoing operations.
With OctoML’s software platform, organisations can deploy an initial version in days and survey experimentation results quickly for data science pipelines at scale without having expertise in machine learning internals or needing to specify any hardware architecture details. This marks a crucial step for organisations wanting intelligent solutions for any industry such as predictive analytics or IoT services without delays caused by hardware specifications or dealing with scalability issues during development and before deployment.
Who are OctoML’s investors?
OctoML works with various investors, including venture capital and private equity firms, to make its machine learning expertise and capabilities accessible to those needing them most. Partnering with these investors allows OctoML to provide access to capital required to expand the company’s platform and invest in research and development projects. It also enables OctoML to deploy its talents across various sectors, making data science capabilities available for applications ranging from medical diagnostics to aerospace engineering.
Notable venture capitalist firms include Madrona Venture Group, Shasta Ventures, Amplify Partners and Prelude Ventures. In addition, private equity firms such as Intel Capital, Vulcan Capital and Blumberg Capital have also invested in OctoML. By utilising the resources of each of these investors’ resources, OctoML can provide advanced machine learning technologies at an affordable cost while continuing to expand into new markets across the globe.
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