COLLEGE PARK, Md. & NEW YORK--(BUSINESS WIRE)--Immuta today announced the appointment of Matt Zames, President of Cerberus Capital Management, L.P. (“Cerberus”), to its board of directors. Mr. Zames brings extensive operating experience building, understanding, and explaining advanced models within highly regulated environments and will provide knowledgeable insights to Immuta as the company accelerates adoption of its data management platform for artificial intelligence (AI).
“Matt is an experienced global operator with significant expertise in digital transformation efforts across large enterprises. From our first meeting, it was clear that Matt has a unique understanding about becoming an algorithm-driven enterprise,” said Matthew Carroll, co-founder and CEO, Immuta. “Matt’s technology expertise and operational experience will be invaluable to our Board and our leadership team as we continue to deliver on our product vision and scale to meet the massive opportunity to serve our users.”
As President of Cerberus Capital Management, a global leader in alternative investing, Mr. Zames has broad responsibilities across its platform and leads a number of operational and strategic initiatives, including overseeing all investments in the financial services industry, growing the understanding and use of technology, data, and AI in investment activities and at the firm’s portfolio companies, and helping the firm identify and capitalize on new investment strategies.
Prior to Cerberus, Mr. Zames was most recently the Chief Operating Officer and a member of the Operating Committee of JPMorgan Chase & Co. Prior to that, he was Chief Investment Officer of JPMorgan Chase and held number of senior executive roles in its investment banking business.
“Immuta has created a remarkable platform that enables organizations to build trusted AI environments that are easily accessible, understandable, and auditable,” commented Mr. Zames. “As a board member, I look forward to advising Immuta’s talented leadership team as they seek to further elevate its platform and capitalize on the accelerating adoption of critical enterprise technology solutions.”
Immuta provides the industry’s only enterprise data management platform for AI, enabling organizations to quickly operationalize their data for increased access, control, and visibility to drive their machine learning and AI programs. The Immuta platform makes virtual views of data self-serviceable, while enforcing policy controls dynamically, as the data is queried. The results are models that risk professionals and data scientists can trust.
Zames Appointment to Immuta BoD Increases Company Momentum
The addition of Mr. Zames to the Immuta board of directors builds on the company’s tremendous momentum in 2018. Recent company highlights include:
- Customer Growth: Immuta grew more than 260 percent YoY in customer revenue, adding new G1000 customers in insurance, financial services, and healthcare.
- AI Advocacy: In conjunction with the Future of Privacy Forum (FPF), Immuta unveiled the first-ever framework for practitioners to manage risk in AI and machine learning models. The joint white paper, Beyond Explainability: A Practical Guide to Managing Risk in Machine Learning Models, can be downloaded here.
- Corporate Growth: Immuta recently announced the close of $20M in Series B funding from DFJ Growth, with participation from new investors Dell Technologies Capital and Citi Ventures.
- Technology Innovation: The company introduced new features to the world’s first data management platform for AI, introducing Global Policies, external Data Catalog Integration, and Curated Tag support for faster data access and policy authoring for scalable AI and machine learning operations.
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/).