HomeUSADato Closes $18.5M Series B Funding Round

Dato Closes $18.5M Series B Funding Round

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dato_logoDato (FKA GraphLab), a Seattle, WA-based provider of a a machine learning platform which enables the creation of intelligent applications, closed an $18.5m Series B funding round.

The round was led by Vulcan Capital with participation from Opus Capital and existing investors New Enterprise Associates (NEA) and Madrona Venture Group. In conjunction with the funding, Steve Hall from Vulcan Capital will join Dato’s board of directors.

The company, which has raised $25.25m to date, intends to use the funds to expand its business development, engineering and customer support teams.

Started at Carnegie Mellon in 2009 as an open source project under the guidance of Carlos Guestrin, PhD., CEO, Dato provides a machine learning platform which enables the creation of intelligent applications based on any type of data, including graphs, tables, text and images.
Companies including Adobe, Zillow, PayPal and Cisco, among others, use Dato’s platform for building predictive applications such as item recommendations, sentiment analysis and fraud detection.

FinSMEs

08/01/2015