Striveworks

Striveworks provides a vertically integrated no-code MLOps platform called Chariot. The platform allows data scientists and analytics teams to streamline the entire ML model-building process, from data labeling to model building, training, deployment, remediation, and monitoring. Moreover, the platform's responsible AI features—auditability and remediation—cater to highly regulated industries. It also offers an open-source tool called Valor for model performance evaluation. This tool aids in determining the best model for a given dataset, and tracks variations in the performance of a single model over different datasets, and observes how subtle differences influence a model's performance.

Furthermore, the company secured a patent for a data lineage process that automatically tracks data and activities in ML workflows. The data lineage solution seamlessly integrates into ML workflows, enabling users to easily observe activities, outputs, and interactions with external services, make informed decisions, implement non-destructive changes, or revert to previous states to ensure trustworthy results.

The company offers the platform through a subscription model.

Key customers and partnerships

The company collaborated with Microsoft in March 2023 to provide Chariot to enterprises, enabling them to manage their entire model lifecycle on Azure's infrastructure.

Funding and financials

Striveworks raised USD 33 million through its first institutional fundraising round in June 2023 . The all-equity round was led by Centana Growth Partners and the company had earmarked the funds to expand its workforce—especially engineers, salespeople, and marketing professionals—to help drive growth and increase the platform’s capabilities.

In June 2023, the company reported that its annual recurring revenue (ARR) grew over 300% over the previous two years.