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logicalclocks.com

Founded Year

2016

Stage

Series A | Alive

Total Raised

$7.22M

Last Raised

$5.79M | 1 yr ago

About Logical Clocks

Logical Clocks is the developer of Hopsworks, a data-intensive AI platform with a Feature Store.

Logical Clocks Headquarters Location

Medborgarplatsen 3

Stockholm, 118 26,

Sweden

+46 73 250 58 83

ESPs containing Logical Clocks

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Emerging Tech / Artificial Intelligence

Features are the backbone of AI development. For instance, fraud prevention algorithms use features such as number of failed transactions, fraud rates, and customer email addresses to predict the likelihood of fraud. Some features need to be calculated in real time and made available for an algorithm to access. Feature stores transform incoming raw data into such usable features.

Logical Clocks named as Challenger among 7 other companies, including Tecton, dotData, and Rasgo Intelligence.

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Expert Collections containing Logical Clocks

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Logical Clocks is included in 2 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

9,391 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

Latest Logical Clocks News

Industrifonden leads a €5 M investment in Logical Clocks

Jul 14, 2021

July 14, 2021 We are proud to announce that we have successfully led a €5 M Series A investment round in Logical Clocks, the company that launched Hopsworks, the world’s first open-source Feature Store for AI. Hopsworks has already attracted industry leading organizations including PaddyPower-Betfair, Getinge, and Swedbank. Logical Clocks, the Swedish company behind the world’s first Enterprise and open-source Feature Store with an end-to-end machine learning platform, announced today a €5M Series A investment, led by Industrifonden with participation from Inventure. Proceeds will be used to expand the company’s commercial operations and footprint, particularly in the US market. “Too many companies working with AI struggle with disconnected teams and poor data quality that prevent or delay the development of AI applications. Hopsworks Feature Store manages data for AI, making it simpler, faster, and cheaper to move models to production. We’ve built the platform on the principle of being open, allowing teams to use their tools, cloud, and data center of choice. We are happy to partner with experienced investors that see the same opportunities as us,” comments Jim Dowling, CEO and Co-founder at Logical Clocks. Hopsworks provides a centralized ML platform with the most advanced and complete Feature Store enabling organizations to manage models with low latency access to data spanning the whole organization. With Hopsworks, companies can easily deploy real-time calculated data, govern models with refined data provenance, and increase effectiveness and collaboration across data and ML teams. Hopworks is already running in production at industry leading companies, including PaddyPower-Betfair, Getinge, and Swedbank. “Industrifonden is proud to support Logical Clocks and are very impressed with its groundbreaking technology. The company’s strong research foundation, advanced technical skills, and deep customer knowledge stood out during our conversations. We anticipate that Hopsworks will continue leading and transforming how organizations manage their entire data lifecycle and machine learning pipelines, and are excited to partner with them on  this mission,” says Rebecka Rydå, Investment Director at Industrifonden. Hopsworks is available as a managed platform on AWS and Azure as well as a self-managed version that can be deployed on any data center. The platform offers two product tiers: an open-source version that targets individuals or small organizations, and an Enterprise version that provides advanced security features to support organizations in building production machine learning applications at scale. Read more about Logical Clocks in this interview with founder Jim Dowling in Breakit (article in Swedish)

Logical Clocks Web Traffic

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  • When was Logical Clocks founded?

    Logical Clocks was founded in 2016.

  • Where is Logical Clocks's headquarters?

    Logical Clocks's headquarters is located at Medborgarplatsen 3, Stockholm.

  • What is Logical Clocks's latest funding round?

    Logical Clocks's latest funding round is Series A.

  • How much did Logical Clocks raise?

    Logical Clocks raised a total of $7.22M.

  • Who are the investors of Logical Clocks?

    Investors of Logical Clocks include Inventure, Industrifonden, Frontline Ventures and AI Seed.

  • Who are Logical Clocks's competitors?

    Competitors of Logical Clocks include Tecton and 5 more.

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