Enterprise

Predibase exits stealth with a low-code platform for building AI models

Comment

abstract multicolored wave length
Image Credits: MR.Cole_Photographer / Getty Images

Data science teams are stymied by disorganization at their companies, impacting efforts to deploy timely AI and analytics projects. In a recent survey of “data executives” at U.S.-based companies, 44% said that they’ve not hired enough, were too siloed off to be effective and haven’t been given clear roles. Respondents said that they were most concerned about the impact of a revenue loss or hit to brand reputation stemming from failing AI systems and a trend toward splashy investments with short-term payoffs.

These are ultimately organizational challenges. But Piero Molino, the co-founder of AI development platform Predibase, says that inadequate tooling often exacerbates them.

“The major challenges we see today in the industry are that machine learning projects tend to have elongated time-to-value and very low access across an organization. As a result, most machine learning tasks in an organization are bottlenecked on an oversubscribed centralized data science team,” Molino told TechCrunch via email. “Given these challenges, organizations today need to choose between two flawed approaches when it comes to developing machine learning. They can build their own systems from data to deployment using low-level APIs that give them the flexibility machine learning tasks typically require at the cost of complexity. Or they can choose to use a blackbox off-the-shelf ‘AutoML’ solution that simplifies their problem at the expense of flexibility and control.”

The market for synthetic data is bigger than you think

Indeed, while worldwide spending on AI technologies was estimated at $35.8 billion in 2019, nearly 80% of companies have seen their AI projects stall as a result of issues with data quality and a lack of confidence in AI systems, according to an Alegion report. Being an entrepreneur (and a salesperson), Molino asserts that his product, Predibase, is a solution to this — or at least a step toward one.

Predibase, which today emerged from stealth with $16.25 million in Series A funding led by Greylock with participation from the Factory and angel investors, allows a user to specify an AI system as a file that tells the platform what the user wants (e.g., recognizing objects in an image) and figures out a way to fill that need. Molino describes it as a “declarative” approach to AI development, borrowing a term from computer science that refers to code written to describe what a developer wishes to accomplish.

“Machine learning projects today usually take six months to a year at most organizations we’ve worked with. We want to drastically reduce that [by bringing] a low-code but high-ceiling machine learning tool to organizations” Molino continued. “Typically, most companies are bottlenecked by data science resources, meaning product and analyst teams are blocked by a scarce and expensive resource. With Predibase, we’ve seen engineers and analysts build and operationalize models directly.”

Predibase is built on top of open source technologies including Horovod, a framework for AI model training, and Ludwig, a suite of machine learning tools. Both were originally developed at Uber, which several years ago transitioned governance of the projects to the Linux Foundation.

Molino, who joined Uber by way of the company’s acquisition of startup Geometric Intelligence, helped to create Ludwig in 2019. Predibase’s other co-founder, Travis Addair, was the lead maintainer for Horovod while working as a senior software engineer at Uber.

To launch Predibase, Molino and Addair teamed up with former Google Cloud AI product manager Devvret Rishi and Stanford computer science professor Chris Ré, one of the co-founders of Lattice.io, a data mining and machine learning company that Apple purchased in 2017.

Predibase is designed to enable developers to define AI pipelines in just a few lines of code while scaling up to petabytes of data across thousands of machines. As Molino explains it, using the platform, a user can create a text-analyzing AI system in six lines of code that specifies the input and output data. If they want to iterate and customize that system, Predibase lets them add parameters in the configuration file that affords a more granular level of control.

Predibase integrates with data sources including Snowflake, Google BigQuery and Amazon S3 for model training. Users can train models through the platform or programmatically, depending on the use case, and then host and serve or deploy those models into local production environments.

“Apart from lowering time to value, Predibase allows users to work with different modalities of data using the same toolset. With Predibase, we’ve seen users train models on images for classification, text data like emails for triage, tabular data for detection and regression tasks, and even audio datasets that would’ve required heavy in-house sophistication without the native capabilities in the platform,” Molino said. “For many working in this space, Predibase provides a net new capability when tackling use cases on unstructured data.”

Broadly speaking, no-code development platforms are on the rise, and a number of startups compete directly with Predibase, including AI orchestration startup Union.ai and low-code data engineering platform Prophecy (not to mention SageMaker and Vertex AI). But Molino’s view is that while rivals satisfy the demand in the enterprise for simple solutions, they do so at the cost of flexibility, leading customers to “hit a ceiling and churn out.”

“[L]ike infrastructure as code simplified IT, our platform allows users to focus on the ‘what’ of their models rather than the ‘how,’ allowing them to break free of the usual limits of low-code systems using an extensible configuration … We provide model explainability out of the box so users can understand which features are driving predictions,” he said. “[Our platform] has been used at Fortune 500 companies like a leading U.S. tech company, a large national bank and large U.S. healthcare company.”

The pitch sufficiently impressed angels like Kaggle CEO Anthony Goldbloom and former Intel AI COO Remi El-Ouazzane, both of whom invested. Other notable backers include Kaggle CTO Ben Hamner and Zoubin Ghahramani, a professor of information engineering at Cambridge and senior research scientist at Google Brain.

Molino says that the fresh capital from the Series A will be used to take Predibase’s beta product to a wider market — it’s currently invite only. It’ll also be put toward growing Predibase’s team of machine learning engineers and building out a go-to-market organization, expanding the company’s 21-person team.

More TechCrunch

The change would see Instagram becoming more like the free version of YouTube, which requires users to view ads before and in the middle of watching videos.

Instagram confirms test of ‘unskippable’ ads

Commerce platform Shopify has acquired Checkout Blocks, allowing Shopify Plus merchants to make no-code customizations in their checkout to enhance customer experience and potentially boost sales.  Checkout Blocks, which debuted…

Shopify acquires Checkout Blocks, a checkout customization app

After the Digital Markets Act (DMA) forced Apple to allow third-party app stores for iOS in Europe, several developers have launched alternative stores, like the AltStore and MacPaw’s Setapp (currently…

Aptoide launches its alternative iOS game store in the EU

Time is relentless and, right now, it’s no friend to procrastination-prone early-stage startup founders. The application window for Startup Battlefield 200 (SB 200) at TechCrunch Disrupt 2024 slams shut in…

One week left: Apply to TC Disrupt Startup Battlefield 200

Cloudera, the once high-flying Hadoop startup, raised $1 billion and went public in 2018 before being acquired by private equity for $5.3 billion in 2021. Today, the company announced that…

Cloudera acquires Verta to bring some AI chops to its data platform

The global spend management sector is experiencing a tailwind of sorts. North America is arguably the biggest market in this space, but spend management companies have seen demand rise across…

Spend management startup SiFi raises $10M to grow further in Saudi Arabia

Neural Concept lets designers model how components will perform before they can be manufactured.

Swiss startup Neural Concept raises $27M to cut EV design time to 18 months

The StrictlyVC roadtrip continues! Coming off of sold-out events in London, Los Angeles, and San Francisco, we’re heading to Washington, D.C. for a cozy-vc-packed, evening at the Woolly Mammoth Theatre…

Don’t miss StrictlyVC in DC next week

X will now allow users to post consensually produced NSFW content as long as it is prominently labeled as such.

X tweaks rules to formally allow adult content

Ashby consolidates existing talent acquisition tools and leans heavily on AI to automate the more repetitive steps in the recruitment pipeline.

Ashby injects recruiting with a dose of AI

Spotify has announced it’s hiking subscriptions for customers in the U.S., the second such price increase in the space of a year. The music-streaming giant reports that premium pricing will…

Spotify to increase premium pricing in the US to $11.99 per month

Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it’s in the early stages of expanding into the broader European market…

UK neobank Monzo reports first full (pre-tax) profit, prepares for EU expansion with Dublin hub

Featured Article

Inside Apple’s efforts to build a better recycling robot

Last week, TechCrunch paid a visit to Apple’s Austin, Texas manufacturing facilities. Since 2013, the company has built its Mac Pro desktop about 20 minutes north of downtown. The 400,000-square-foot facility sits in a maze of industry parks, a quick trip south from the company’s in-progress corporate campus. In recent years, the capital city has…

8 hours ago
Inside Apple’s efforts to build a better recycling robot

Early attempts at making dedicated hardware to house artificial intelligence smarts have been criticized as, well, a bit rubbish. But here’s an AI gadget-in-the-making that’s all about rubbish, literally: Finnish…

Binit is bringing AI to trash

Temasek has previously invested in Lenskart, and this new funding follows a $500 million investment by the Abu Dhabi Investment Authority last year.

Temasek, Fidelity buy $200M stake in Lenskart at $5B valuation

Less than one year after its iOS launch, French startup ten ten has gone viral with a walkie talkie app that allows teens to send voice messages to their close…

French startup ten ten reinvents the walkie-talkie

Featured Article

Unicorn-rich VC Wesley Chan owes his success to a Craigslist job washing lab beakers

While all of Wesley Chan’s success has been well-documented over the years, his personal journey…not so much. Chan spoke to TechCrunch about the ways his life impacts how he invests in startups.

1 day ago
Unicorn-rich VC Wesley Chan owes his success to a Craigslist job washing lab beakers

Presumptive Republican presidential nominee Donald Trump now has an account on the short-form video app that he once tried to ban. Trump’s TikTok account, which launched on Saturday night, features…

Trump takes off on TikTok

With fewer than 400,000 inhabitants, Iceland receives more than its fair share of tourists — and of venture capital.

Iceland’s startup scene is all about making the most of the country’s resources

Kobo put out a handful of new e-readers a few weeks back: color versions of the excellent Libra 2 and Clara, as well as an updated monochrome version of the…

Kobo’s new e-readers are a sidegrade most can skip (with one exception)

In an interview at his home near Reykjavík, the entrepreneur-turned-VC shared thoughts on his ventures and the journey that led him from Unity to climate tech, a homecoming of sorts.

Unity co-founder David Helgason’s next act: Gaming the climate crisis

Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here. Over the past eight years,…

Fisker collapsed under the weight of its founder’s promises

What is AI? We’ve put together this non-technical guide to give anyone a fighting chance to understand how and why today’s AI works.

WTF is AI?

President Joe Biden has vetoed H.J.Res. 109, a congressional resolution that would have overturned the Securities and Exchange Commission’s current approach to banks and crypto. Specifically, the resolution targeted the…

President Biden vetoes crypto custody bill

Featured Article

Industries may be ready for humanoid robots, but are the robots ready for them?

How large a role humanoids will play in that ecosystem is, perhaps, the biggest question on everyone’s mind at the moment.

2 days ago
Industries may be ready for humanoid robots, but are the robots ready for them?

VCs are clamoring to invest in hot AI companies, and willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get…

VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

The fashion industry has a huge problem: Despite many returned items being unworn or undamaged, a lot, if not the majority, end up in the trash. An estimated 9.5 billion…

Deal Dive: How (Re)vive grew 10x last year by helping retailers recycle and sell returned items

Tumblr officially shut down “Tips,” an opt-in feature where creators could receive one-time payments from their followers.  As of today, the tipping icon has automatically disappeared from all posts and…

You can no longer use Tumblr’s tipping feature 

Generative AI improvements are increasingly being made through data curation and collection — not architectural — improvements. Big Tech has an advantage.

AI training data has a price tag that only Big Tech can afford

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world…

This Week in AI: Can we (and could we ever) trust OpenAI?