ML Innovate, a New York-based machine learning service provider, raises $10M in Series A funding.

The round was led by Data Ventures, with participation from AI Partners and CloudSeed Ventures.

The funds will be used for product development, expanding ML capabilities, and enhancing cloud-based solutions.

ML Innovate aims to revolutionize the healthcare and finance sectors with cutting-edge AI and ML technologies. Founded in 2019, the company emphasizes transparent and interpretable AI models to improve decision-making processes.

The company is also focusing on advancing its NLP offerings, aiming to introduce more sophisticated conversational AI and text analysis solutions.