SigOpt, a San Francisco, CA-based optimization platform that amplifies research, raised $6.6m in Series A funding.
The round was led by Andreessen Horowitz with follow-on participation from Data Collective and new investors SV Angel, Stanford University, and Blumberg Capital.
The company intends to use the funds scale the team and expand the capabilities of its platform.
Co-founded by Scott Clark, Ph.D., CEO, and Patrick Hayes, VP of Engineering, SigOpt provides an optimization platform that allows experts within the insurance, credit card, algorithmic trading and consumer packaged goods industries to amplify their modeling and process optimization initiatives.
Customers include Prudential, MillerCoors, Johnson & Johnson, and some of the world’s leading hedge funds as customers, among others.