Machine learning is the new big data. Combine the two fields, and you really have something.
Boston-area startup DataRobot has raised a $33 million Series B round, led by New Enterprise Associates. Other participating investors included Accomplice, Intel Capital, and IA Ventures. The new money brings the company’s total raised to more than $57 million.
DataRobot has built a software platform to bring machine learning and data-science tools to businesses. The product is aimed not just at data scientists, but also at software developers, business analysts, and statisticians. The company is led by CEO and co-founder Jeremy Achin, a data scientist and UMass Lowell grad who previously worked at Travelers Insurance.
Despite fears of a tech-startup funding slowdown, it appears companies doing interesting work in machine learning and data science are safe, at least for now. Local startups in related fields that have raised money include DataCamp, Indico, Elemental Machines, Semantic Machines, Sentenai, and Talla. On the West Coast, one of the many intriguing A.I.-related companies is Diffbot, which announced a new funding round today.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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