{"id":156116,"date":"2023-01-24T07:24:21","date_gmt":"2023-01-24T13:24:21","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/01\/mckinsey-eyeing-the-mlops-space-buys-tel-aviv-based-iguazio"},"modified":"2023-01-24T07:24:21","modified_gmt":"2023-01-24T13:24:21","slug":"mckinsey-eyeing-the-mlops-space-buys-tel-aviv-based-iguazio","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/01\/mckinsey-eyeing-the-mlops-space-buys-tel-aviv-based-iguazio","title":{"rendered":"McKinsey, eyeing the MLOps space, buys Tel Aviv\u2013based Iguazio"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/mckinsey-eyeing-the-mlops-space-buys-tel-aviv-based-iguazio2.jpg\"><\/a><\/p>\n<p>The same day Microsoft <a href=\"https:\/\/techcrunch.com\/2023\/01\/23\/microsoft-invests-billions-more-dollars-in-openai-extends-partnership\/\">invested<\/a> billions in OpenAI, McKinsey <a href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/01\/23\/2593457\/0\/en\/McKinsey-Company-Acquires-Iguazio-to-Accelerate-Scale-Enterprise-AI.html\" target=\"_blank\" rel=\"noopener\">snatched up<\/a> enterprise-focused AI firm Iguazio for a relative steal.<\/p>\n<p>The consulting giant <a href=\"https:\/\/www.calcalist.co.il\/ctechnews\/article\/r1i6jxhjo\" target=\"_blank\" rel=\"noopener\">reportedly<\/a> paid around $50 million for Iguazio, a Tel Aviv\u2013based company offering an MLOps platform for large-scale businesses \u2014 \u201cMLOps\u201d refers to a set of tools to deploy and maintain machine learning models in production. In a press release, McKinsey says it plans to use the startup\u2019s tech and team of 70 data scientists to bolster its QuantumBlack platform, McKinsey\u2019s data analytics\u2013focused group, with \u201cindustry-specific\u201d AI solutions.<\/p>\n<p>\u201cWe analyzed more than a 1,000 AI companies worldwide and identified Iguazio as the best fit to significantly accelerate our AI offering \u2014 from the initial concept to production, in a simplified, scalable and automated manner,\u201d McKinsey senior partner Ben Ellencweig said in a statement. Over time, he added, the Iguazio and QuantumBlack teams will be fully integrated and work from a single product roadmap, combining the best of both worlds (with any luck).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The same day Microsoft invested billions in OpenAI, McKinsey snatched up enterprise-focused AI firm Iguazio for a relative steal. The consulting giant reportedly paid around $50 million for Iguazio, a Tel Aviv\u2013based company offering an MLOps platform for large-scale businesses \u2014 \u201cMLOps\u201d refers to a set of tools to deploy and maintain machine learning models [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,1617,6,8],"tags":[],"class_list":["post-156116","post","type-post","status-publish","format-standard","hentry","category-business","category-quantum-physics","category-robotics-ai","category-space"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/156116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=156116"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/156116\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=156116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=156116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=156116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}