COLLEGE PARK, Md.--(BUSINESS WIRE)--Driven by the growing enterprise need to operationalize data to accelerate machine learning and AI, Immuta today announced that it has grown more than 260 percent year-over-year. Immuta is poised to build on this momentum by delivering on its promise to empower every data scientist and team with fast, personalized access to data.
A new report from KPMG shows executives have a growing trust gap when it comes to their data, analytics and AI strategies. According to the results, more than 65 percent of executives have some reservations or active mistrust in their AI, data and analytics, while 92 percent are concerned about the negative impact of data and analytics on corporate reputation1. Despite growing mistrust of data and analytics, executives are still unsure who should be accountable for algorithmic decisions that deliver poor business results, financial loss, or the loss of customers.
Immuta provides the world’s first platform that gives executives an understanding of the risks associated with the data being used in their AI and machine learning algorithms – before it’s used. Immuta enables data teams with quick access to all disparate data sources, dynamically applying and enforcing corporate and regulatory policy on all data before it’s used in an algorithm. The result is an AI environment that executives can trust, with algorithms that are easily understandable and auditable.
“Organizations that have committed to become ‘AI-driven’ are increasingly recognizing that they need to think strategically about the data they use to feed their machine learning programs. As GDPR and similar regulations come into effect, understanding what data is exposed through algorithms is critical,” said Matt Carroll, CEO, Immuta. “As a result, more organizations are turning to Immuta to gain greater control of the data being fed into their algorithms, speeding up the deployment of AI and machine learning. We expect these trends to continue to be a significant driver of growth for Immuta.”
Highlights of 2017 include:
- Advanced Global Effort to Make Machine-Executable Regulations: In collaboration with the UK’s Financial Conduct Authority (FCA) and Bank of England (BoE), which together comprise two of the most important financial regulators in the world, Immuta provided strategic input and expertise on how to embed regulations within software – bringing financial regulations into the machine age. A video of the event can be found here.
- Customer Growth: Immuta grew more than 260 percent in customer revenue, adding new G1000 customers in insurance, financial services, and healthcare. This growth followed the company closing $8M in series A in February 2017.
- Strategic Technology Partnerships: Immuta announced strategic partnerships with global leaders in machine learning and analytics, like DataRobot and Dataiku – enabling teams to operationalize data at the speed of business, while enforcing privacy and policy controls.
- Immuta 2.0: Introduced new features to the world’s first data management platform for data science, providing unprecedented control and visibility of the data behind algorithmic decisions. With this release, Immuta 2.0 is the only solution that enables companies to automate differential privacy.
- Leadership Team Additions: Immuta continued to enhance its leadership team to help enterprises accelerate data science programs, while simplifying data governance. The company added Andrew Burt as Chief Privacy Officer and Legal Engineer, Andrew Gilman as Chief Customer Officer, and Rich Kucharski as Vice President of Global Solutions Architecture.
In 2018, Immuta will continue to cement its leadership position in the industry and expand market share during what is expected to be a transformative period for data-driven organizations and the regulatory environment. Immuta will achieve this through strategic technology partnerships with key industry leaders; the adoption of new enterprise customers to drive innovation in critical verticals, including healthcare and life sciences, finance and government; and by expanding its global operations and hiring new talent to support its promise to deliver a world-class data management platform for data science.
Immuta is the fastest way for algorithm-driven enterprises to accelerate the development and control of machine learning and advanced analytics. The company’s hyperscale data management platform provides data scientists with rapid, personalized data access to dramatically improve the creation, deployment and auditability of machine learning and AI. Founded in 2014, Immuta is headquartered in College Park, Maryland. For more information, visit www.immuta.com and follow us on Twitter (twitter.com/ImmutaData) and LinkedIn (www.linkedin.com/company/10043125/).
1 KPMG, “Guardians of Trust – Who is responsible for trusted analytics in the digital age?”