About Modelbit
Modelbit is a company based in San Francisco (United States) founded in 2022 by Harry Glaser and Tom O Neill. Modelbit has raised $4.25 million across 1 funding round from investors including Snowflake and Leo Polovets. Modelbit operates in a competitive market with competitors including Wallaroo.AI, Seldon, Einblick, Luchen Technology and Modzy, among others.
- Headquarter San Francisco, United States
- Founders Harry Glaser, Tom O Neill
- SectorsTechnology
- Email••••••••
- Website modelbit.com
- Social LinkedIn X
- Total Equity Funding$4.25M (USD)
in 1 rounds
- Latest Funding Round$4.25M (USD), Seed
May 2023
- InvestorsSnowflake
& 1 more
Funding Insights of Modelbit
Modelbit has successfully raised a total of $4.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.25 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.25M
- Total Rounds 1
- Last Round Seed — $4.25M
- First Round $4.25M
(May 2023)
- Investors Count 2
All 1 funding rounds of Modelbit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $4.25M | Seed | – | Leo Polovets |
2 investors in total: 1 institutional and 1 angel.
Investors in Modelbit
Modelbit has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include Snowflake and Leo Polovets.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based big data warehouse for enterprise data management is provided. | 2012 | snowflake.com | Bozeman, United States | |
LP Leo Polovets | Angel investor, ex-Google engineer, co-founder of Susa Ventures, active in India. | – | unknown_d6f477a878d74dc88 | - |
Investor details for Modelbit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Modelbit
3 people are tracked at Modelbit (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Harry Glaser | Co-Founder & CEO | Leadership |
Tom O Neill | Co-Founder | Leadership |
Jason Freidman | Software Engineer | Team |
Complete people profiles for Modelbit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Modelbit
2 dated milestones of Modelbit across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Modelbit is founded.
- Funding First funding round of $4.2M.
Competitors of Modelbit
Modelbit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wallaroo.AI, Seldon, Einblick, Luchen Technology and Modzy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wallaroo.ai | 2017 | Brooklyn, United States | $34.38M | 33 | Provider of an enterprise platform for AI production data | |
| seldon.io | 2011 | Shoreditch, United Kingdom | $39.12M | 46 | ML models are deployed using an open source framework. | |
| einblick.ai | 2018 | Cambridge, United States | $6M | – | Data exploration, predictions, and model deployment are enabled collaboratively. | |
| luchentech.com | 2021 | Haidian, China | – | – | AI model development services are provided by Luchen Technology. | |
| modzy.com | 2011 | Bethesda, United States | – | – | Provider of cloud-based suite solutions for enterprise collaboration | |
| edenai.co | 2021 | Lyon, France | $4.81M | – | AI engine and management platform for model deployment is provided. | |
| beyondminds.ai | 2018 | Tel Aviv, Israel | $15M | – | Offers AI-as-a-service for deploying and maintaining ML models. | |
| luminolabs.ai | 2023 | San Francisco, United States | $2.8M | – | SDK provided for ML model development and training. |
Detailed competitors of Modelbit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Modelbit
The website of Modelbit (modelbit.com) receives about 2.5K visits a month.
- Monthly visits2.5K
▼ 28% vs previous month
Similar companies to Modelbit
10 companies that operate in the same segment as Modelbit (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 167.95 B | – | – | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 66.81 B | – | – | |
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AI-powered graphical processing units and SoCs | 1993 | Santa Clara, California, United States | USD 5 M | USD 130.5 B | 36,000 | |
A platform for the AI community to collaborate and build. | 2016 | Paris, France | USD 399.91 M | – | – | |
Digital marketing, data analytics, and IT services are provided globally. | 1981 | Bengaluru, Karnataka, India | – | USD 19.08 B | 323,580 | |
Machine learning model development and management solutions are provided. | 2017 | San Francisco, California, United States | USD 250 M | – | 150 | |
Provider of website, web & mobile application development, BI, and digital marketing services | 2007 | Jaipur, Rajasthan, India | USD 570.12 M | USD 102.68 M | 461 | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M | – | – | |
Enterprise observability solutions are delivered via cloud and AI platforms. | 2008 | San Francisco, California, United States | USD 196.44 M | – | – |
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Frequently Asked Questions about Modelbit
Modelbit was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Modelbit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Harry Glaser is the current CEO of Modelbit. They have also founded this company.
Modelbit is a funded company, having raised a total of $4.25M across 1 funding round to date. The company's 1st funding round was a Seed of $4.25M, raised on May 2023.
Modelbit was founded in 2022 in San Francisco, United States, focusing on AI and cloud platforms for machine learning model deployment. Solutions are provided to integrate models with modern data stacks via data science tools. Model versioning and management are supported post-deployment, along with serving capabilities. Deployments are enabled to Snowflake, Redshift, and REST endpoints, serving the technology sector.
Modelbit's top competitors include Wallaroo.AI, Seldon and Lumino.
Modelbit has 2 investors. Key investors include Snowflake, and Leo Polovets.