
Pioneers New Machine Learning Approach to Automate and Operationalize Insight Discovery from Complex Data to Power the Brilliant Enterprise
Palo Alto, CA July 16, 2013 Ayasdi has raised $30.6 million in Series B venture funding, led by IVP with participation from Citi Ventures, GE Ventures, and existing investors Khosla Ventures and FLOODGATE also participated in the round. In conjunction with the financing, Steve Harrick from IVP will join Ayasdi's Board of Directors.
Six months after the company's initial launch, Ayasdi's customers and collaborators include General Electric, Citigroup, Merck, Anadarko, U.S. Food and Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), the University of California San Francisco (UCSF), Mount Sinai Hospital, Texas A&M University, and Harvard Medical School. Ayasdi has also formed strategic alliances with Cloudera and Pivotal a joint venture between EMC and VMWare.
The Big Data market is expected to grow exponentially over the next few years and the new frontier will be pioneered by the technologies that leverage the strengths of both humans and machines, said Steve Harrick, General Partner at IVP. In a remarkably short time, Ayasdi has not only developed a breakthrough technology, but also gained an impressive foothold in the market. I am looking forward to working with their leadership team to build upon that momentum and pursue the company's next stage of growth.
Transforming How the World Uses Data
Before Ayasdi, organizations typically extract value from data by building a Big Data infrastructure and employing large teams of highly trained Data Scientists who spend months, and sometimes years, asking questions of data to find breakthrough insights. The probability of discovering these insights is low because there are too many questions to ask and not enough data scientists to ask them. Once found, deploying solutions to help enterprises solve critical problems can further lengthen the process.
Ayasdi's Insight Discovery platform is designed for domain experts and business people to automatically find insights from complex data and operationalize them to help enterprises solve difficult and expensive problems. Ayasdi's unique approach combines advanced machine learning techniques with a branch of mathematics called Topological Data Analysis (TDA) to discover insights without coding, scripting, or manually querying. Ayasdi's technology also utilizes an ensemble of best-of-breed algorithms, automatically maps entire datasets (both structured and unstructured), and quickly provides the most relevant and statistically valid insights.
We're excited by Ayasdi's unique capability to let users find insights automatically from large, complex data sets, said Ramneek Gupta, Managing Director, Citi Ventures. Their ability to abstract away complexity thereby making powerful machine learning tools accessible to ordinary business users is particularly promising. We're looking forward to leveraging Ayasdi's technology on several use cases within Citi's Center of Excellence for Data Intelligence.
Advancing Machine Learning and TDA to Enable the Brilliant Enterprise
This is a critical time in the evolution of how organizations utilize data a time when some will take a great leap forward. Ayasdi's vision is to transform how the world uses data to solve problems and to enable every organization to become a Brilliant Enterprise, said Gurjeet Singh, Co-Founder and CEO at Ayasdi. Brilliant Enterprises will effectively find insights and operationalize them to create billions of dollars in growth, bring down costs, and solve many of our world's most complex and expensive problems.
With this latest investment, Ayasdi will accelerate the development of machine learning systems and TDA-based approaches to help organizations achieve brilliant outcomes. Ayasdi will do so through:
? Continued automation of Ayasdi's machine learning techniques to discover insights from complex data in a matter of seconds;
? Enhanced operational workflow capabilities for integrating Ayasdi into core enterprise IT environments and real-time business operations;
? Access to preloaded public datasets providing immediate insights for enterprises to pair with their proprietary datasets;
? Doubling the size of the company within the next 12 months.
New Customers and Partners Align to Ayasdi's Vision for a Brilliant Enterprise
Ayasdi's customers and collaborators use its technology to discover new drug therapies, uncover the causes of diseases, root out financial fraud, accelerate energy exploration, discover customer segmentation, and much more. Additionally, Ayasdi's platform is engineered to complement other Big Data solutions.
General Electric: Through powerful analytic models developed over a decade at Stanford, Ayasdi lets you find the needle in a haystack you didnt know was there, quickly. For GE and our customers with vast amounts of industrial data, Ayasdis technology will be a powerful tool for predictive analytic models that can drive billions of productivity and efficiency savings, said Jonathan Ballon, Chief Strategy Officer, GE.
Cloudera: Cloudera pioneered the business case for Apache Hadoop and as the market leader with tens of thousands of nodes under management and growing, we are excited to partner with Ayasdi. Our market leading big data platform, together with Ayasdis application and machine-learning algorithms, enables our joint customers to generate full value and insight from their complex data at lightning speed, said Tim Stevens, Vice President, Business Development, Cloudera.
Pivotal: At Pivotal, one of our goals is to help customers analyze, build, deploy, and scale at an unprecedented velocity, as they look to solve some of the world
Most recent headlines
13/03/2025
(L-R) Stephanie Suganami, Tatanka Means, John Malkovich, Ayo Edebiri, and Juliette Lewis attend the premiere of Opus at Eccles Theatre in Park City. (Photo by...
13/03/2025
Spotify took center stage at the London Book Fair this week, reaffirming our commitment to the audiobook market and showcasing our impact on the publishing indu...
13/03/2025
At Spotify, we work every day to lift up new voices, giving creators the opportunity to live off their art. Through Spotify Audiobooks, our in-house publishing ...
13/03/2025
Every time airborne law enforcement (ALE) teams fly, they expect their equipment to perform. Whether airborne units are conducting support for ground teams, bor...
13/03/2025
Sunday February 9 saw the annual return of the US' biggest television event, the Super Bowl LIX. Jamie McCombs, Fox Sports Audio Consultant / Sr. Audio capt...
13/03/2025
On Sunday March 2, stars across the film industry gathered at the Dolby Theatre in Los Angeles for the 97th Academy Awards. Production Sound Mixer Paul Sandweis...
13/03/2025
WUPPERTAL, Germany Riedel Communications will feature its new StageLink family of smart edge devices, Smart Audio and Mixing Engine (SAME) and Virtual Smart Pan...
13/03/2025
TAG Video Systems and Harmonic Partner to Deliver Enhanced Real-Time Monitoring ...
13/03/2025
DigitalGlue Invites NAB Visitors to Experience New Features in Managed Storage P...
13/03/2025
FOR-A America Theme - Connecting the Present, Building the Future - Comes to Lif...
13/03/2025
CTIA, the wireless industry association, has named former FCC Chairman Aji Pai as its President and Chief Executive Officer, effective April 1. He replaces Mere...
13/03/2025
he National Association of Broadcasters is urging the FCC to end its investigation of that controversial CBS interview with Kamala Harris stating there is no ...
13/03/2025
MIAMI CBS News & Stations continues to expand its use of augmented and virtual reality technologies with the planned launch of an augmented reality/virtual real...
13/03/2025
Srividhya Srinivasan, co-founder and chief customer success & innovation Officer at Amagi, tells TVBEurope how staying ahead of the latest trends is essential f...
13/03/2025
WASHINGTON FCC Chairman Brendan Carr announced that the agency has launched a massive, new deregulatory initiative that could potentially subject virtually all ...
13/03/2025
SUNNYVALE, Calif. SDVI has announced that it has integrated its Rally media supply chain management platform with the Spectra Vail multi-cloud data management s...
13/03/2025
ATLANTA Gray Media has announced that the Federal Communications Commission (FCC) has granted a waiver of its local ownership rules to permit Gray Media to acqu...
13/03/2025
TV Tech: What do you anticipate will be the most significant technology trends at the 2025 NAB Show?...
13/03/2025
Watch Student Naomi Soleils Folk Pop Performance on The Voice The songwriting major sang Stars by Grace Potter and the Nocturnals during the blind auditions.
...
13/03/2025
Roku Debuts NWSL Zone' Within Roku Sports to Spotlight Live Games, Content Feature marks Rokus first women's league-branded zone within service By Bra...
13/03/2025
Pixels, Images, Video, AI - and Us: A Perspective on AI from NDI Inventor Andrew...
13/03/2025
SVG New Sponsor Spotlight: Lighting Design Group's Steve Brill, Dennis Size ...
13/03/2025
IOC, Comcast NBCU Ink $3B Media-Rights Extension for Olympic Games Through 2036;...
13/03/2025
NCAA March Madness Live Returns with Expanded Availability of MultiView Vertical...
13/03/2025
SVG Sit-Down: Cosm's Devin Poolman on What It Takes To Deliver the Immersive...
13/03/2025
Sky Business, Sky's B2B division, providing connectivity and content to busi...
13/03/2025
Rohde & Schwarz launches R&S NRP140TWG(N) thermal power sensor: A new benchmark ...
13/03/2025
We asked the questions, analysed the answers and now we're excited to share the results of the fifth edition of the ICG Marketing Survey.
Our 2025 survey p...
13/03/2025
SAN JOSE, Calif. - March 13, 2025 Harmonic (NASDAQ: HLIT) today announced a breakthrough in video streaming innovation with the launch of new origin capabilitie...
13/03/2025
Haivision Showcases Mission-Critical Video Solutions at SOF Week 2025
Haivision's video wall systems, ISR technology, and DoDIN APL-certified video distri...
13/03/2025
Company Leads the Way with New Software-Based Production Platform, 12G Switcher,...
13/03/2025
A new Apple Immersive concert experience, Metallica, is coming to Apple Vision Pro this Friday, March 14. Filmed in Mexico City during the sold-out second-year ...
13/03/2025
Here is your host, Patrick Kielty!
Shake your Shamrocks, Patrick Kielty will be...
13/03/2025
This St. Patrick's weekend, RT invites you to celebrate all things Irish, showcasing the very best of Irish sport, entertainment and live coverage from the...
13/03/2025
What's next in AI is at GTC 2025. Not only the technology, but the people and ideas that are pushing AI forward - creating new opportunities, novel solution...
13/03/2025
Facebook
Twitter
LinkedIn
By combining T-Mobile's robust network, Thal...
13/03/2025
Bundle up - GeForce NOW is bringing a flurry of Blizzard titles to its ever-expanding library.
Prepare to weather epic gameplay in the cloud, tackling the genr...
13/03/2025
AI is leveling up the world's most beloved games, as the latest advancements...
13/03/2025
PC game modding is massive, with over 5 billion mods downloaded annually. Mods p...
12/03/2025
O Spotify acaba de lan ar o relat rio Loud & Clear deste ano, uma vis o transpar...
12/03/2025
Spotify acaba de presentar el informe Loud & Clear de este a o, una mirada trans...
12/03/2025
Ramadan, a period of profound spiritual significance for Muslims worldwide, is a time for fasting, prayer, reflection, and community. Enrich your experience thi...
12/03/2025
Spotify has just unveiled this year's Loud & Clear report, a transparent loo...
12/03/2025
More than 70% of FAST programming has been produced since 2010, according to new Gracenote report
NEW YORK March 12, 2025 Gracenote, the content data busin...
12/03/2025
GEONA, Nev. Independent digital and linear advertising rep firm Viamedia will adopt cloud-based ShowSeeker Pilot as its primary ad campaign and order management...
12/03/2025
BRUSSELS Mediagenix has announced that Wael Yasin has joined the company as sales director Central Europe....
12/03/2025
LONDON A new study highlights opportunities for shoppable TV and the massive impact online consumer spending is having on the economy, with Omdia predicting tha...
12/03/2025
CUPERTINO, Calif. Interra Systems has announced that Comcast Technology Solutions has integrated recent updates to BATON Version 9 into its operations....
12/03/2025
Nevion announces new 400G addition to its eMerge SDN media fabric offering
Brie Clayton March 12, 2025
0 Comments
High-capacity switch enhances existi...
12/03/2025
DaVinci Resolve Studio Delivers Cinematic Sound for Adam Bol
Brie Clayton March 12, 2025
0 Comments
Feature film relies on DaVinci Resolve Studio for ...