Iguazio pulls in $24m from investors, shows off storage-integrated parallelised, real-time AI/machine learning workflows – Blocks and Files

Workflow-integrated storage supplier Iguazio has received $24m in C-round funding and announced its Data Science Platform. This is deeply integrated into AI and machine learning processes, and accelerates them to real-time speeds through parallel access to multi-protocol views of a single storage silo using data container tech. The firm said digital payment platform provider Payoneer is using it for proactive fraud prevention with real-time machine learning and predictive analytics. Yaron Weiss, VP Corporate Security and Global IT Operations (CISO) at Payoneer, said of Iguazio's Data Science Platform: "We've tackled one of our most elusive challenges with real-time predictive models, making fraud attacks almost impossible on Payoneer." He said Payoneer had built a system which adapts to new threats and enables is to prevent fraud with minimum false positives.