Domino Data Lab, the data science startup Tesla uses, raises $10.5M
Slack and other general-purpose collaboration tools can significantly speed up certain team projects, but they only go so far in areas such as data science where the work is usually too complex to be sorted out with a few chat messages.
As a result, analytics teams at Tesla Motors Inc. and other leading companies have turned to Domino Lab Inc., which today closed a $10.5 million funding round led by Sequoia Capital. The startup will use the cash to step up marketing efforts and develop more features for its namesake cloud service.
Sold under the brand Domino Data Science Platform, the offering is described as a centralized environment for business intelligence professionals to develop models with their peers. The starting point for every new project is Domino Scalable Compute, a provisioning tool that makes it possible to quickly create a cloud instance customized to the specific task at hand. Users can define how much hardware resources should be allocated to the environment and install the analytics tools needed for their work through a graphical interface.
According to Domino’s website, its platform supports a wide variety of data-crunching technologies ranging from Apache Spark to proprietary software such as SAS. The service is also compatible with R and other popular programming languages in the data science community.
Once the setup process is complete, a worker can use the platform’s built-in automation features alongside the tools they’re deployed in their cloud instance to start producing data insights. Domino says that projects are displayed in a shared board where members of an analytics team can see what their colleagues are doing, compare results and provide input if they see areas for improvement.
Peers from outside the analytics team, meanwhile, can be brought into the fray through a sharing component that the startup refers to as the Domino Publication Bridge. The tool provides the ability to expose models through a REST application programming interface, a way of providing interoperability between computers on the Internet. It makes data available in preconfigured web apps and let colleagues add their own code via a self-service form interface.
Image courtesy of Domino Data Lab
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.