Scaled Inference, a Palo Alto, CA-based developer of software that offers machine learning as a cloud service, raised $13.6m in funding.
The round valued the company at about $60m. Backers included Khosla Ventures, Data Collective, SV Angel, Amplify Partners, Innovation Works, Lux Capital, Tencent and Felicis Ventures.
Led by CEO Olcan Sercinoglu and Dmitry Lepikhin, Scaled Inference is building an intelligent software that offers machine learning to allow machines themselves to choose their method of solving several problems with no human experts involved.
The company will use the funds to continue to build the software.