Zerve Raises $7.6M to Maximise AI & Data Business Impact
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
Who led Zerve’s $7.6 million seed funding round?
The round was led by Paladin Capital Group, with participation from existing investor Elkstone and angel investors including Rob Hickey, former EVP of Engineering at DataRobot.
What is Zerve’s mission?
Zerve aims to elevate the impact of AI and data teams by providing a developer-centric platform that simplifies building, managing, and deploying workflows at scale.
How does Zerve’s platform help data teams?
Zerve automates infrastructure management, integrates version control and deployment workflows, and enables faster, more reliable collaboration across languages and teams.
What milestones has Zerve achieved so far?
Since its commercial launch, Zerve has attracted over 4,000 users to its free tier and helped elite data teams cut development cycle times by up to nine times.
How will the new funding be used?
The seed funding will support research and development, product innovation, and global expansion to help more organizations scale their AI and data operations.
