SigOpt

SigOpt

Platform for optimizing AI and ML experiments

About SigOpt

Simplify's Rating
Why SigOpt is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

11-50

Company Stage

Series A

Total Funding

$8.5M

Headquarters

San Francisco, California

Founded

2014

Overview

SigOpt provides a platform that helps professionals in artificial intelligence (AI) and machine learning (ML) optimize their experimentation processes. The platform offers tools for designing and conducting experiments, allowing users to ask the right questions, explore various experimental setups, and understand modeling challenges. This is particularly valuable for data scientists, AI leaders, and machine learning engineers across technology, academia, and research sectors. SigOpt operates on a subscription-based model, providing clients with access to its tools and resources, which ensures a steady revenue stream and continuous updates. The company's goal is to streamline the experimentation process, saving clients time and resources while improving the accuracy and quality of their models.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for AI model optimization tools boosts SigOpt's market potential.
  • Collaboration with Intel-acquired companies enhances integrated AI solutions.
  • Expansion into non-traditional sectors like healthcare increases need for optimization tools.

What critics are saying

  • Internal competition with Intel's Cnvrg.io may affect SigOpt's market position.
  • Integration challenges with Intel's AI hardware could delay synergy realization.
  • Market saturation in AI optimization tools may lead to pricing pressures.

What makes SigOpt unique

  • SigOpt's black-box optimization requires only parameter space and performance metric.
  • The platform integrates seamlessly into existing ML workflows via REST API.
  • SigOpt offers continuous model refinement for optimal parameter configuration.

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Funding

Total Funding

$8.5M

Below

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$6.6M
SigOpt
$8.2M
Discord
$15M
Canva
$100M
GitHub

Company News

Webrazzi
Nov 4th, 2020
Intel, makine öğrenimi platformu Cnvrg.io'yu satın aldı

Intel, makine öğrenimi ve yapay zeka işlemlerini oluşturmak için girişimleri hızlandırmaya devam ediyor. TechCrunch'ın edindiği bilgilere göre Intel, veri bilimcilerin birden fazla modeli eğitmek ve izlemek için kullanılabilecek makine öğrenimi modelleri oluşturup çalıştırması için bir platform kuran Cnvrg.io'yu satın aldı. Intel sözcüsünün yaptığı açıklamaya göre Cnvrg.io, bağımsız bir Intel şirketi olacak; mevcut ve gelecekteki müşterilerine hizmet vermeye devam edecek.

AiThority
Nov 2nd, 2020
Daily AI Roundup: The 5 Coolest Things On Earth Today

AI Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in artificial intelligence, Machine Learning, Robotic Process Automation, Fintech and human-system interactions. We will cover the role of AI Daily Roundup and their application in various industries and daily lives.

SalesTechStar
Oct 30th, 2020
Intel to Acquire SigOpt to Scale AI Productivity and Performance

Intel announced it will acquire SigOpt, a San Francisco-based provider of a leading platform for the optimization of artificial intelligence (AI) software models at scale. SigOpt’s AI software technologies deliver productivity and performance gains across hardware and software parameters, use cases and workloads in deep learning, machine learning and data analytics. Intel plans to use SigOpt’s software technologies across Intel’s AI hardware products to help accelerate, amplify and scale Intel’s AI software solution offerings to developers.

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