Samsung SDS invests in Iguazio to enhance its cloud services portfolio

By Akshay Kedari  | Date: 2019-03-09

Samsung SDS invests in Iguazio to enhance its cloud services portfolio
  • Iguazio and Samsung SDS have partnered for accelerating and streamlining the delivery of intelligent serverless applications
     
  • The platform of Iguazio includes AI tools and data services, empowering real-time applications and end-to-end serverless agility in the business

Iguazio, the leading high performance platform provider for machine learning and serverless applications, has recently announced that the company is collaborating with Samsung SDS, a global IT services and software solutions firm, for accelerating and streamlining the delivery of intelligent applications.

Sources familiar with the matter cited that Iguazio has received investment from Samsung SDS and would integrate its platform into cloud services portfolio of Samsung, powering data science operations as well as serverless agility for AI-driven and cloud native applications.

Executive Vice President for Cloud Business Division Leader of Samsung SDS, Dr. Shim Yoon, mentioned that the company is looking forward to providing its customers with serverless, intelligent applications by implementing the technology of Iguazio to its cloud's PaaS.

Asaf Somekh, Chief Executive of Iguazio, confirmed that the company has welcomed Samsung SDS as a strategic Investor. Iguazio is already working with various groups of Samsung SDS on manufacturing deployments and financial services.

Apparently, the platform of Iguazio includes AI tools and data services, empowering real-time applications and end-to-end serverless agility in the business for improving scalability, collaboration, security and performance of machine learning. Nuclio from Iguazio is the leading open source serverless framework, which enables the development of modern applications on Kubernetes, without the need of managing infrastructure.

For the record, Samsung SDS uses advanced technologies like cloud, blockchain, AI and analytics platforms for serving a broad range of industries which includes retail, financial services, enterprise mobility, global logistics and intelligent manufacturing. It boasts of a vision of becoming a data-driven digital transformation leader.

The platform of Iguazio purportedly derives fast time to value for machine learning based application development. The company powers applications for telcos, financial services, insurance, pharma, healthcare as well as manufacturing. CME Ventures, Dell Technologies Capital, Jerusalem Venture Partners and Verizon Ventures are some other firms invested in Iguazio.

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Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

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