technology

Low Code, No Code

Pienso Raises $10 Million in Series A Funding to Expand No-Code AI Platform

stacked cards
by Doable
| published 3/12/24, 9:43 pm
Pienso logo
Pienso logo via Pienso
TL;DR Quick Facts
  • Pienso, founded by Birago Jones and Karthik Dinakar, raises $10 million in Series A funding led by Latimer Ventures.
  • Pienso offers a no-code AI suite for non-technical talent to deploy models efficiently, empowering domain experts to extract insights from data.
  • The platform guides users through annotating training data, integrates with enterprise systems, and charges a yearly license fee based on deployed AI models.

Pienso, a company founded by Birago Jones and Karthik Dinakar, raised $10 million in a Series A funding round led by Latimer Ventures. Pienso offers an AI suite for non-technical talent to build and deploy models without writing code, aiming to empower domain experts to get the most insights out of their data.

What to know: Pienso, a platform founded in 2016 by Birago Jones and Karthik Dinakar, offers a solution for deploying AI models without the need for coding. The idea stemmed from their research at MIT, where they realized the importance of training models on the right data to be effective. Pienso aims to empower non-technical professionals such as researchers, marketers, and customer support teams to build and deploy AI models efficiently. By guiding users through annotating and labeling training data, Pienso enables the training and fine-tuning of open source or custom AI models. The platform integrates with enterprise systems through APIs and can be deployed on-premises or in the cloud, ensuring data security.

Deeper details: To address the challenges faced by companies in implementing AI projects, Pienso offers a no-code interface that allows teams to train models using their own data, ensuring privacy and accuracy. By charging a yearly license fee based on the number of AI models deployed, Pienso enables companies to experiment with new models before making a significant investment. This pricing strategy has attracted investors, with Pienso recently securing $10 million in a Series A funding round led by Latimer Ventures. The funds will be utilized to scale up sales, marketing, and customer success teams, recruit engineering talent, and enhance platform features.