H2O lands $20 million to drive its open-source data science platform<
-
H2O lands $20 million to drive its open-source data science platform
The venture capital train cruising around the analytics ecosystem made its latest stop in the machine learning space to unload $20 million on H20.ai Inc., the startup behind the open-source algorithm development platform of the same name. The funding tops off a record year that saw downloads of the software more than triple from the previous 12 months.
H20 estimates that over 10 percent of the world’s data scientists now employ its platform to help their applications make automated decisions in fields like online advertising, where a new targeting opportunity can come and go much faster than a human is able to react. Handling millions of such events every second the way Google does requires an algorithm that is not only capable of picking the best promotion to serve to a particular user, but also operate parallely on a massive scale.
-
H2O.ai Raises $20M For Its Open Source Machine Learning Platform
H2O is an open source platform for data scientists and developers who need a fast machine learning engine for their applications. H2O.ai, the company behind the service, today announced that it has raised a $20 million Series B funding round led by Paxion Capital Partners (the new firm of GoPro board member Michael Marks) and existing investors Nexus Venture Partners and Transamerica. New investor Capital One Growth Ventures also joined this round. In total, the company has now raised $34 million.
-
H20.ai, Focused on Machine Learning, Closes $20 Million in Funding
-
Open-source machine learning platform H2O.ai raises $20 million to build AI in business
-
H2O Raises $20 Million to Scale Machine Learning Biz
-
H2O.ai Closes $20 Million Series B to Democratize AI for Business and Fuel Growth in Data Products
-
H2O.ai Closes $20 Million Series B to Democratize Artificial Intelligence for Business and Fuel the Explosive Growth in Data Products
-
Funding Daily: Today’s tech funding news, in one place
- Login or register to post comments
- Printer-friendly version
- 1101 reads
- PDF version
More in Tux Machines
- Highlights
- Front Page
- Latest Headlines
- Archive
- Recent comments
- All-Time Popular Stories
- Hot Topics
- New Members
digiKam 7.7.0 is releasedAfter three months of active maintenance and another bug triage, the digiKam team is proud to present version 7.7.0 of its open source digital photo manager. See below the list of most important features coming with this release. |
Dilution and Misuse of the "Linux" Brand
|
Samsung, Red Hat to Work on Linux Drivers for Future TechThe metaverse is expected to uproot system design as we know it, and Samsung is one of many hardware vendors re-imagining data center infrastructure in preparation for a parallel 3D world. Samsung is working on new memory technologies that provide faster bandwidth inside hardware for data to travel between CPUs, storage and other computing resources. The company also announced it was partnering with Red Hat to ensure these technologies have Linux compatibility. |
today's howtos
|
Recent comments
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago