AI and machine learning framework developer Streamlit today announced it raised $21 million in a financing round co-led by Gradient Ventures (Google’s AI-focused investment arm) and GGV Capital. The company anticipates spending the bulk of the proceeds on expansion and product development, and on laying the runway for the launch of its enterprise-oriented Streamlit for Teams offering.
Launching machine learning projects into production often requires stitching together internal tools. These tools can be difficult to deploy, require reasoning about client-server architecture, and don’t integrate well with existing constructs and platforms. Moreover, they require frequent maintenance on the backend, which dedicated teams are sometimes too overwhelmed to provide.
