DataShapes, Inc., a San Francisco, CA-based edge data solutions company, raised $5m in funding.
Berg Venture Capital made the investment.
The company intends to use the funds to speed the commercialization of a suite of intelligent solutions for the enterprise.
Led by Jon Myers, founder and CEO, DataShapes uses its patented Vector Learning™ technology to create SaaS solutions that capture and automate industry expertise by transforming unstructured edge-device data into immediately actionable information.
Vector Learning simplifies high-dimensional data computing and provides significant benefits. Vectors are discrete data to which enriching metadata can easily be appended. Additionally, conventional computer chips are able to process geometric vector data extremely efficiently. By transforming data at its source, DataShapes’ solutions reduce processing costs, data size, and the latency between sensing and acting.
The company is currently offering and building commercial applications to address enterprise needs in the areas of security, intelligence, media, and healthcare.
FinSMEs
01/03/2022