KITCHENER, Ontario–(BUSINESS WIRE)– Bodo.ai, a parallel compute platform for data workloads, is developing a compiler to make Python portable and efficient across multiple hardware platforms. It announced Wednesday a $14 million Series A funding round led by Dell Technologies Capital.
Python is one of the top programming languages used among artificial intelligence and machine learning developers and data scientists, but as Behzad Nasre, co-founder and CEO of Bodo.ai, points out, it is challenging to use when handling large-scale data.
Bodo.ai, headquartered in San Francisco, was founded in 2019 by Nasre and Ehsan Totoni, CTO, to make Python higher performing and production ready. Nasre, who had a long career at Intel before starting Bodo, met Totoni and learned about the project that he was working on to democratize machine learning and enable parallel learning for everyone. Parallelization is the only way to extend Moore’s Law, Nasre told TechCrunch.
Bodo does this via a compiler technology that automates the parallelization so that data and ML developers don’t have to use new libraries, APIs or rewrite Python into other programming languages or graphics processing unit code to achieve scalability. Its technology is being used to make data analytics tools in real time and is being used across industries like financial, telecommunications, retail and manufacturing.
“For the AI revolution to happen, developers have to be able to write code in simple Python, and that high-performance capability will open new doors,” Totoni said. “Right now, they rely on specialists to rewrite them, and that is not efficient.”
Joining Dell in the round were Uncorrelated Ventures, Fusion Fund and Candou Ventures. Including the new funding, Bodo has raised $14 million in total. The company went after Series A dollars after its product had matured and there was good traction with customers, prompting Bodo to want to scale quicker, Nasre said.
Nasre feels Dell Technologies Capital was “uniquely positioned to help us in terms of reserves and the role they play in the enterprise at large, which is to have the most effective salesforce in enterprise.”
Though he was already familiar with Nasre, Daniel Docter, managing director at Dell Technologies, heard about Bodo from a data scientist friend who told Docter that Bodo’s preliminary results “were amazing.”
Much of Dell’s investments are in the early-stage and in deep tech founders that understand the problem. Docter puts Totoni and Nasre in that category.
“Ehsan fits this perfectly, he has super deep technology knowledge and went out specifically to solve the problem,” he added. “Behzad, being from Intel, saw and lived with the problem, especially seeing Hadoop fail and Spark take its place.”
Meanwhile, with the new funding, Nasre intends to triple the size of the team and invest in R&D to build and scale the company. It will also be developing a marketing and sales team.
The company is now shifting from financing to customer- and revenue-focused as it aims to drive up adoption by the Python community.
“Our technology can translate simple code into the fast code that the experts will try,” Totoni said. “I joined Intel Labs to work on the problem, and we think we have the first solution that will democratize machine learning for developers and data scientists. Now, they have to hand over Python code to specialists who rewrite it for tools. Bodo is a new type of compiler technology that democratizes AI.”
