KNIME, an open-source Data Science and AI software company, has announced a $30 million capital infusion from existing investor, Invus Fund, bringing the total investment to $50 million.
This new round of funding is earmarked to expand the team, currently consisting of 250 employees worldwide, serving nearly 400 paying enterprise clients with a revenue of €30 million in the past year.
KNIME offers low-code data science software with nearly half a million users. Their revenue model centers around selling software to enterprise clients who utilize various features efficiently.
Source: KNIME via TechCrunch
TLDR: KNIME, a data science software company, secures $30 million investment from Invus Fund to expand its team and serve more enterprise clients.
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