Algorithmia, a Seattle, WA-based open marketplace for algorithms, completed a $10.5M Series A financing.
The round was led by Google’s new fund focused on AI and machine learning investments with the participation of Madrona Venture Group, Rakuten Ventures, Osage University Partners, and Work-Bench.
The company intends to use the funds to expand operations and continue to develop its platform.
Led by Diego Oppenheimer, CEO, Algorithmia provides a common API for algorithms, functions and models that allows developers to build next generation intelligent applications. Its marketplace today allows more than 45,000 developers within Fortune 1000 and federal government to use a library made of 3,500 algorithms, functions and models.