Leader in Automated Machine Learning, DataRobot, today announced the first close in its Series C financing. This secures an additional $54 million, bringing total funding to $111 million. A significant but undisclosed amount of additional funding is expected in an imminent second close of the round. Jeremy Achin, CEO and Co-Founder of DataRobot, sets out the company’s value proposition and the opportunity the funding provides:
Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation for clients, has signed a definitive agreement to acquire Rage Frameworks, a leader in knowledge-based automation technology and services providing Artificial Intelligence (AI) for the Enterprise. Terms of the deal are not disclosed.
As reported by Forbes, Kensho in Cambridge, MA has raised $50M in funding led by S&P Global with participation from Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Citigroup and Wells Fargo, General Catalyst, and Breyer Capital. Kensho is a machine intelligence company that applies AI for real-world impact across government and commercial institutions around the world... READ MORE
Celect, a market leader in predictive analytics and inventory optimization for retailers, announced today that it has closed $10M in Series B funding. Led by Activant Capital with participation from Fung Capital and August Capital, the funding will be used to extend momentum built in 2016 after closing the year with 2.5x revenue growth. In addition, Celect will accelerate product development to support growing customer demand and aggressively cultivating sales pipeline to seize on the current market opportunity.
Voysis, the complete voice AI platform, today announced $8 million in Series A financing led by Polaris Partners. The company was founded by CEO Peter Cahill, a Ph.D. who has dedicated 15 years to speech technology and neural network research, to enable third party enterprises to rapidly generate intelligent voice systems with real utility and purpose. Voysis will use this round of financing to expand its U.S. team, opening a new office in Boston, and to further develop its technology for a wide range of partners and customer use cases.
Infogix, Inc., a data and analytics software provider, has acquired Data3Sixty, the leading cloud-based data governance provider. The terms of the transaction were not disclosed.
Today, Gamalon, Inc., emerged from stealth mode to announce that it has developed a game-changing new approach to artificial intelligence/machine learning called Bayesian Program Synthesis (BPS). Gamalon’s BPS technology – for the first time – writes and rewrites its own Bayesian programs. This technology achieves higher accuracy and uses orders of magnitude less computation and training data relative to today’s state-of-the-art deep machine learning.
Today, we are pleased to announce that we’ve just raised $3.1 million in seed funding for TellusLabs. Our investor team has decades of combined experience bringing exciting new data and insights businesses to market. The team is led by Roger Ehrenberg of IA Ventures, and includes Hyperplane VC, Founder Collective, and Project 11 Ventures.
As reported by TechCrunch:
Artificial intelligence is swiftly becoming a commodity thanks to the rise of AI-as-a-Service offerings from Amazon and IBM. Today, Neurala is joining this list thanks to a $14 million Series A led by Pelion Ventures. The team is looking to put AI in the hands of toy makers, drone enthusiasts and IoT engineers alike.
Diffeo, a knowledge discovery company, today announced that it has acquired Meta Search, a Boston-based startup offering cutting-edge search technology. The Meta Search team and search platform will be integrated into Diffeo to create a powerful combination of search and discovery tools. Meta Search's product has been renamed Diffeo Cloud Search as a new part of Diffeo's platform.