There are not many platforms that can support all the demands (in the US) partly because our competitors in the country have been acquired by bigger ones,” said An.“Our platform is highly competitive even on the global stage and many clients in the US, including startups, are highly interested in our product.”'HOT MARKET' STILL IN INFANCYAn founded Vessl AI in 2000 after encountering multiple challenges in implementing machine learning models in a real business environment as an engineering vice president at a Korean healthcare AI startup.
Global industry research company Allied Market Research forecasts the global MLOps market will grow to $37.4 billion in 2032 from 2023 at a compound annual growth rate of 39.3%.“As long as the AI market expands and the need for AI and computing increases, the market for our business (in computing infrastructure) is also expected to grow rapidly,” said An.“This is a hot market but not many competitors are armed with highly advanced (MLOps platform) technologies like us.”The Vessl AI CEO is confident the Korean startup will repeat its home-ground success in the US.“I am 100% sure about our business in the US, where demand (for MLOps) is vast.
The software-as-a-service (SaaS) platform is a rare MLOps system supported by multiple cloud and hybrid cloud services that can operate in any environment including on-premises, according to the Korean startup.“Because we use multiple cloud services, we can offer the most optimized graphics process unit (GPU) infrastructure to save our clients up to 70% in computing costs,” said An.
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