Ayasdi, a Menlo Park, California-based provider of machine intelligence software, raised $55m in Series C funding.
The round was led by Kleiner Perkins Caufield & Byers with participation from Institutional Venture Partners, Khosla Ventures, FLOODGATE, Citi Ventures, Centerview Capital Technology and Draper Nexus.
The company intends to use the funds to grow into new sectors, including retail, information services, manufacturing, energy and technology with investments in engineering, data science, sales and marketing.
Led by Gurjeet Singh, CEO, and Gunnar Carlsson, President, Ayasdi has developed machine intelligence software that automates and accelerates insight discovery of complex data to solve analytical challenges for Fortune 500 companies. Customers include Citigroup, Credit Suisse, Siemens, Lockheed Martin, Mercy Health System, Mount Sinai School of Medicine, UCSF Medical Center, and other financial services, technology, healthcare, government and life sciences companies.