Skymind, a San Francisco, CA-based open-core data science company, secured $11.5m in Series A financing.
The round was led by TransLink Capital, with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital, and DCode with GovTech Fund and early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO Ventures. As part of the new financing, Toshiya Otani, co-founder and managing director of TransLink Capital, will join the Skymind board of directors.
The company, which has raised $17.9m in funding, intends to use the funds to accelerate customer acquisition, building out its sales teams in North America and Asia.
Led by Chris Nicholson, founding CEO, Skymind is an enterprise AI company offering an open-core machine-learning platform, commercial support and training for implementing AI solutions. Its technology enables enterprises to build high-performance, predictive AI stacks. Specifically, the Skymind Intelligence Layer (SKIL) brings machine learning to a company’s big data stack and computing resources, whether that data and computing power is on-premise, in the cloud, or in a hybrid environment or on edge devices like mobile phones, drones, autonomous vehicles and healthcare sensors. Its Eclipse Deeplearning4j is a widely used AI framework for Java and Scala, and serves as a bridge between the Python data science community and big data tools like Spark and Kafka.
Skymind currently has more than 40 employees and more than 20 enterprise customers, including Softbank and France Telecom’s Orange.