1. KNIME, an open-source data science and AI platform, has raised $30 million in funding from Invus, bringing its total funding to $50 million. The platform is used by over 400 customers, including AMD, Audi, and other prominent companies, to streamline their data analysis and machine learning workflows.
2. KNIME was founded in 2004 and has since grown to become a leading player in the data science and AI space. The platform's modular design and user-friendly interface have made it a popular choice among data scientists and analysts, allowing them to quickly build and deploy complex data processing and machine learning pipelines.
3. The recent funding will be used by KNIME to accelerate its product development, expand its global reach, and further enhance its platform's capabilities. The company plans to invest in improving its AI and machine learning features, as well as exploring new applications for its technology in areas such as healthcare, finance, and manufacturing.