What is Algorithmia?
Founded in 2013 and headquartered in Seattle, Algorithmia operates as a sophisticated marketplace and infrastructure provider for machine learning models. By offering a comprehensive suite of AI Cloud services and ML frameworks, the company enables organizations to deploy, manage, and scale their algorithmic assets with greater efficiency. Algorithmia serves as a critical bridge for enterprises seeking to operationalize artificial intelligence, effectively reducing the friction between model development and production-ready deployment in complex IT environments.
How much funding has Algorithmia raised?
Algorithmia has raised a total of $39.7M across 4 funding rounds:
Angel/Seed
$2.6M
Series A
$11.1M
Series B
$25M
Debt
$1M
Angel/Seed (2014): $2.6M with participation from Deep Fork Capital, Rakuten, and Madrona Venture Group
Series A (2017): $11.1M led by Work-Bench, Madrona Venture Group, Osage University Partners, and Google
Series B (2019): $25M supported by Norwest Venture Partners
Debt (2020): $1M featuring PPP
Key Investors in Algorithmia
Madrona Venture Group
Founded in 1995, Madrona Venture Group is a venture capitalist investment company including consumer internet, commercial software, and services.
Work-Bench
Work-Bench is a venture capital firm based in New York City that specializes in supporting early-stage founders in the enterprise, SaaS, and infrastructure software sectors.
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, and frontier technology innovations.
What's next for Algorithmia?
With the infusion of recent capital, Algorithmia is well-positioned to accelerate its product roadmap, focusing on the increasing demand for MLOps and automated model governance. As the enterprise sector continues to prioritize AI-driven digital transformation, the company is expected to deepen its integration capabilities within existing cloud ecosystems. Strategic focus will likely remain on enhancing the scalability of its platform to support high-volume, mission-critical AI applications, ensuring that Algorithmia remains a foundational layer for businesses navigating the complexities of modern machine learning infrastructure.
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