Samsung SDS Invests in Iguazio to Boost Cloud Services

Samsung Adopts Iguazio’s Nuclio Serverless PaaS for Real-time
Intelligent Applications

HERZLIYA, Israel–(BUSINESS WIRE)–Iguazio,
provider of the high performance platform for serverless and machine
learning applications, announced it is partnering with Samsung
SDS
, a global software solutions and IT services company, to
accelerate and streamline the delivery of intelligent applications.
Samsung SDS has invested in Iguazio and will incorporate its platform
into Samsung’s cloud services portfolio, powering serverless agility and
data science operations for cloud native and AI-driven applications.

“Samsung SDS is excited to invest in Iguazio. We look forward to
providing our customers with intelligent, serverless applications by
implementing Iguazio’s technology to our cloud’s PaaS,” said Dr. Shim
Yoon, Executive Vice President, Cloud Business Division Leader of
Samsung SDS.

“Iguazio welcomes Samsung SDS as a strategic Investor,” said Asaf
Somekh, CEO, Iguazio. “We’re already working with different Samsung SDS
groups on financial services and manufacturing deployments and are
excited about the value Iguazio has created by powering Samsung’s cloud
with serverless and machine learning.”

Iguazio’s platform includes data services and AI tools, empowering
end-to-end serverless agility in the enterprise and real-time
applications to improve performance, security, collaboration and the
scalability of machine learning. Iguazio’s Nuclio is the leading open
source serverless framework, enabling the development of modern
applications over Kubernetes without having to manage infrastructure.

About Samsung SDS

Samsung SDS was founded in 1985 and has been leading the digital
transformation and innovation of its clients for over 30 years. With the
vision to become a data-driven digital transformation leader, Samsung
SDS utilizes advanced technologies such as analytics platforms, AI,
blockchain and cloud to serve a diverse range of industries including
intelligent manufacturing, global logistics, enterprise mobility,
financial services and retail. For more information, visit https://www.samsungsds.com.

About Iguazio

The Iguazio platform accelerates the delivery of intelligent
applications from data science to production and derives fast time to
value for application development based on machine learning. It combines
real-time action and AI across a variety of data sources and types in
high volumes, while eliminating infrastructure management. Iguazio
powers applications for manufacturing, healthcare, pharma, insurance,
financial services and telcos. In addition to Samsung SDS, Iguazio is
backed by Pitango Venture Capital, Verizon Ventures, Robert Bosch
Venture Capital GmbH (RBVC), CME Ventures, Magma Venture Partners,
Jerusalem Venture Partners and Dell Technologies Capital. The company is
led by serial entrepreneurs and a diverse team of seasoned innovators in
the USA, UK, Singapore and Israel. Visit www.iguazio.com
for more.

Contacts

Iguazio media:
Daniella Alpher,
+972733210401
[email protected]

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