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A More Intelligent World Thanks to Machine Learning

Posted on 1.08.2015

As the World becomes more dependent on their mobile devices, companies that make technology that can be harnessed by app developers are becoming a hot commodity.

Dato, an application creator formerly known as GraphLab, has announced that it has closed an $18.5 million round of Series B funding.

The funding, which was led by Vulcan Capital with participation from Opus Capital and others, will be used to expand its business development, engineering and customer support teams to better serve its increasing customer base.

The latest round of funding comes after Dato released its first commercial product called GraphLab Create. The platform, a scalable machine learning engine, allows for data scientists and application developers to embed predictive capabilities into their applications.

"Our company was founded on a mission to create a more intelligent world. The investments made in Dato will help us empower many more data scientists, software developers and engineers to revolutionize industries and enhance our lives in ways we can't imagine. We are delivering a complete environment that makes data science and its benefits accessible to every business," said Carlos Guestrin, CEO of Dato.

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