We're thrilled to announce that Zerve has closed a $7.6 million seed funding round, led by Paladin Capital Group, with participation from existing investor Elkstone and angels including former Executive Vice President of Engineering at DataRobot, Rob Hickey. This significant milestone marks a major step forward in our mission to elevate the impact of data teams with our innovative data science and AI development platform.
Established in 2021, Zerve is on a mission to elevate the impact of AI and data workflows by providing a unique, developer-centric platform based on its filed-patent architecture that guarantees resilience and scalability.
Today, the efficiency and measurable impact of code-first data teams are becoming more scrutinized within enterprises. Many AI and data workflows that could have transformative effects on organizations do not leave the development stage. Those that do face hurdles including deployment handovers to separate teams, and issues with version control, reproducibility, and infrastructure.
Zerve’s end-to-end platform simplifies building, managing, and deploying AI workflows. By automating away complexity, Zerve enables data teams to reduce cycle times and maximise ROI. Features include automated infrastructure management, language interoperability, version controls, package management, and deployment workflows. This positions Zerve to power the next generation of high-performing data teams.
Zerve raised $3.8m in pre-seed funding in October 2023 led by Elkstone, and commercially launched in February of this year. It has already onboarded elite data teams globally, helping them cut cycle times by up to 9x, with more than 4,000 users signing up to its free tier in just three months. The startup is led by three co-founders: Phily Hayes (CEO), Jason Hilary (CTO), and Dr. Greg Michaelson (CPO).
Ken Pentimonti, Managing Director, Paladin Capital Group, said: “The limitations of current solutions have placed a big barrier in front of innovation at organizations seeking to realize the potential of data science and AI. Zerve’s intuitive platform can release that potential and improve the safety and reliability of the software deployed. With spend on AI at $33Bn in 2023 in Europe alone, growing 30% per year, we are hugely excited about Zerve’s prospects.”
With this strategic funding, Zerve will accelerate R&D and expand its reach to empower more data teams worldwide. Zerve was advised by Capnua Corporate Finance and RDJ on the transaction.
FAQs
How much funding did Zerve raise in its seed round?
Zerve raised $7.6 million in its seed round, led by Paladin Capital Group with support from Elkstone and angel investors.
Who invested in Zerve's seed round?
The round was led by Paladin Capital Group, with participation from Elkstone and angels including Rob Hickey, former EVP of Engineering at DataRobot.
What does Zerve's platform do?
Zerve provides an end-to-end data science and AI development environment that simplifies building, managing, and deploying workflows for code-first data teams.
When was Zerve founded?
Zerve was founded in 2021 and commercially launched its product in February 2024.
Who are Zerve's founders?
The company was co-founded by Phily Hayes (CEO), Jason Hilary (CTO), and Dr. Greg Michaelson (CPO).
How many users does Zerve have?
More than 4,000 users signed up to Zerve's free tier within the first three months of launch.
