KNIME, the leading open-source platform for data science and AI, has secured a $30 million investment from Invus, adding to its impressive $50 million total funding. This news comes as KNIME continues its rapid growth, attracting major players like AMD and Audi to its platform.

The funding will be used to further develop KNIME’s already robust features and expand its reach within the data science community. This includes:

Expanding its open-source ecosystem: KNIME has a large and active community of developers and users who contribute to its open-source codebase. The investment will enable the company to further foster this community and create new opportunities for collaboration.

Enhancing its enterprise offerings: KNIME already provides a suite of enterprise-grade features, including security, scalability, and support. The new funding will allow the company to build upon these capabilities and offer even more powerful solutions for businesses.

Driving innovation in AI: KNIME is at the forefront of AI development, with its platform offering a wide range of tools for building and deploying machine learning models. The investment will support the company’s ongoing efforts to push the boundaries of AI research and application.

This investment is a testament to the significant impact KNIME has had on the data science landscape. Its open-source approach, combined with its powerful capabilities, has made it a go-to solution for organizations of all sizes.

“We are excited to partner with Invus as we continue to empower data scientists and analysts to unlock the full potential of their data,” said Michael Berthold, founder and CEO of KNIME. “This investment will allow us to further accelerate our growth and deliver even more value to our customers.”

With its latest funding and its commitment to open source, KNIME is poised to continue its impressive journey as a leading player in the data science and AI revolution.