– USA, CA – Streamlit, the creators of the fastest and most powerful app framework for machine learning and data science, today announced the company it has secured $21 million in Series A funding co-led by GGV Capital and Gradient Ventures, with additional participation from Bloomberg Beta, Elad Gil, Daniel Gross and others.
As part of the financing, Glenn Solomon, Managing Partner of GGV Capital, and Anna Patterson, Managing Partner at Gradient Ventures, have joined the board of directors.
The capital investment will accelerate the development of Streamlit’s software which has been used to build over 200,000 applications at some of the world’s biggest companies since being open-sourced just eight months ago.
“Apps are the communication medium of the 21st century,” said co-founder and CEO, Adrien Treuille. “There’s been a thirst in the data and machine learning communities to create rich apps that blend together data, models, visualizations, and business logic. Streamlit makes it effortless to create and share these complex apps. We’re excited to continue developing with the global Streamlit community and making the underlying technology more and more powerful and useful.”
Streamlit was founded in late 2018 with the mission of becoming the best platform for creating and sharing data science apps. Co-founders Amanda Kelly, Thiago Teixeira, and Adrien Treuile met in 2013 while working at Google X and witnessed first-hand how a lack of access to tooling expertise was stymying the progress of machine learning and data science projects. Creating machine learning and data tools in existing app frameworks is prohibitively expensive, requiring front-end programming knowledge that many data scientists don’t have easy access to, thus extending iteration cycles and time to market. Streamlit solves these problems by enabling data scientists to build apps in Python, the fastest-growing programming language and the native language of machine learning and artificial intelligence.
“Streamlit is well-positioned to change the way machine learning data is used in organizations,” said Anna Patterson, Managing Partner at Gradient Ventures. “We’re excited to continue working with Streamlit and see their open-source tool in the hands of all data scientists.”
“Adapting quickly to new information and insights is one of the biggest challenges facing companies today,” said Glenn Solomon, Managing Partner at GGV Capital. “Streamlit is leading the way in helping data science teams accelerate time to market and amplify the work of machine learning throughout companies of all sizes across a wide variety of industries. At GGV we’re very excited to back this exceptional founding team and support their ambitious global growth plans.”
For more information: https://www.streamlit.io
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