Domino Data Lab has raised $43 million in a new funding round and launched a new machine learning monitoring offering as the company aims to gain more traction for its enterprise data science platform.
The company's $43 million round was led by Highland Capital Partners and brings Domino Data Lab's total funding to $128 million. Dell Technologies Capital also participated in the round as Dell remains a customer.
As for the new product launch, Domino Model Monitor aims to curb model drift and accuracy over time. Model drift has become more of an issue during the COVID-19 pandemic since economic and behavioral models are in flux. Domino Data Lab counts Topdanmark and other Fortune 100 companies as customers.
More data science:
Managing data science, artificial intelligence, and machine learning operations have become an increasingly hot space. Domino's Enterprise Data Science Management Platform also added features including:
Here's a look at the Domino stack: