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Continual Raises $4M for AI-Powered Data Platform

December 16, 2021
Continual Raises $4M for AI-Powered Data Platform

Continual Secures $4 Million Seed Funding to Simplify Operational AI

Continual, a company focused on delivering operational AI solutions for the contemporary data warehouse ecosystem, has announced the successful completion of a $4 million seed funding round. The investment was spearheaded by Amplify Partners, with significant participation from Illuminate Ventures, Essence, Wayfinder, and the Data Community Fund.

Alongside this financial milestone, Continual is initiating a public beta phase for its service. This launch follows a period of rigorous testing conducted with a select group of customers over recent months.

A Competitive Data Warehousing Landscape

The data warehousing sector, while expansive, is largely controlled by major companies such as Snowflake, Amazon Redshift, BigQuery, and Databricks. This concentrated market structure facilitates innovation by allowing startups to leverage existing data stores. Continual aims to capitalize on this by offering an accessible platform for the creation of predictive models.

“Continual empowers modern data teams to construct and maintain models that continuously improve, directly within their data warehouse environment,” stated Tristan Zajonc, CEO and co-founder of Continual.

“Typical applications include predicting customer churn, scoring leads, providing product recommendations, forecasting inventory, enabling predictive maintenance, and automating services. Essentially, Continual manages both the predictive model and the predictions themselves, utilizing data from the data warehouse and writing the results back into it.”

Experienced Founders Address AI Project Failures

Tristan Zajonc previously founded Sense, an enterprise platform acquired by Cloudera in 2016. Co-founder Tyler Kohn was the architect of RichRelevance, a personalization service acquired by Manthan System in 2019.

Through their prior ventures, the founders observed a consistently high rate of failure for AI initiatives within enterprises. These projects often require substantial teams and significant resources, compounded by the increasing complexity of the underlying AI infrastructure.

“We are transitioning from an era defined by big data to one characterized by big complexity,” Zajonc explained. “Continual was established to address this challenge and to fundamentally simplify operational AI for businesses. The emergence of cloud data warehouses – the standardization of data infrastructure and the broader adoption of the modern data stack – presented an opportunity to reimagine and drastically streamline enterprise AI.”

Leveraging Existing Skills and Seamless Integration

Continual allows data teams to utilize their current expertise in SQL and dbt. Users simply connect the platform to their data warehouses and then define the desired features and models declaratively.

A key benefit is that predictions are also stored within the data warehouse, making them readily available to developers and analysts as needed.

Currently, the platform supports Snowflake, Redshift, BigQuery, and Databricks. The team intends to broaden its integrations with dbt and these data platforms in the future. The company has clarified that it does not plan to evolve into a data integration platform.

Industry Validation and Future Plans

“Extracting continually improving predictive insights from data is essential for businesses aiming to operate efficiently and enhance customer service. However, implementing AI remains a significant hurdle for most organizations,” commented David Beyer of Amplify Partners.

“Continual integrates directly into the cloud data warehouse, enabling data teams to build and deploy continually improving predictive models in a fraction of the time required by conventional methods. We invested because we believe their approach is both innovative and, crucially, the correct path to making AI effective across the enterprise.”

The newly acquired funding will be used to expand the Continual team and enhance the platform’s capabilities to include support for natural language processing, personalization, and real-time applications.

  • Funding Amount: $4 million
  • Lead Investor: Amplify Partners
  • Platform Support: Snowflake, Redshift, BigQuery, Databricks
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