Enterprise machine learning development platform startup Comet ML Inc. has raised $50 million in new funding to continue to evolve how it provides data science and machine learning teams a single platform to manage and optimize their work.

The Series B round was led by OpenView. Also participating in the round were Scale Venture Partners, Trilogy Equity Partners and Two Sigma Ventures. Including the new funding, Comet has raised $69.8 million to date, according to data from Crunchbase.

Founded in 2017, Comet pitches itself as doing for machine learning what GitHub did for code. The company’s platform allows data scientists and engineers to track their datasets, code changes, experimentation history and production models automatically. In doing so, Comet says, its platform creates efficiency, transparency and reproducibility.

Comet optimizes models with Bayesian hyperparameter optimization ,a type of algorithm that saves time typically spent on manually tuning machine learning models. As a result, users are said to have increased visibility of data science, machine learning results and progress throughout an organization.

Noting that artificial intelligence is increasingly becoming a strategic differentiator for businesses, Comet argues that this nascent field of technology has lacked adequate tooling to support the needs of the data science and machine learning teams. MLOps, as Comet describes the discipline of its customer base, aspires to provide seamless capabilities across model development, experiment tracking and model monitoring. Comet says it delivers these capabilities and facilitates monitoring, iteration and collaboration across teams.

“Machine learning can deliver outsized business returns – but only when experiments can be reliably reproduced, teams can collaborate and iterate faster and models in production can be continually monitored for optimal outcomes,” Comet co-founder and Chief Executive Gideon Mendels said in a statement. “Our enterprise customers use Comet to realize the full value of their machine learning investment and move models from cost centers to profit centers.”

Comet’s platform is finding a growing audience. The company says that it has seen five times growth in annual recurring revenue over the past year, though it didn’t reveal details, with the number of customers surpassing 150. Notable customers include Ancestry.com LLC, Compañía Española de Petróleos S.A.U., Etsy Inc., Uber Technologies Inc., WorkFusion Inc. and Zappos.com LLC.

Image: Comet