Bonsai, a Berkeley, CA-based provider of an AI platform for enterprises to build and deploy intelligent systems, raised $7.6m as an extension to its recent Series A round of funding.
The round, which brought the total amount raised to date to $13.6m, was co-led by Microsoft Ventures and existing investor New Enterprise Associates with participation from ABB Technology Ventures, Samsung NEXT and Siemens.
The company intends to use the funds for continued product innovation and accelerated customer engagement.
Founded in 2014 by Mark Hammond and Keen Browne, Bonsai offers an AI platform for enterprises to build and deploy intelligent systems including robotics, manufacturing, supply chain, logistics, energy and utilities. By automating the management of complex machine learning libraries and algorithms, the solution enables enterprises to program AI models that improve system control and enhance real-time decision support.
The company has also introduced the Bonsai Early Access Program. This new customer program works with enterprises in robotics, manufacturing, retail, logistics and energy industries to jointly design, build and deploy AI models using the Bonsai Platform.
FinSMEs
03/05/2017