PredictionIO Raises $2.5M For Its Open Source Machine Learning Server | TechCrunch
machine-learningopen-sourcestartuprecommendation-systems
Abstraction: Open source ML server startup raises seed funding
Key points:
- Raised $2.5M seed from Azure Capital, QuestVP, CrunchFund, Stanford StartX, Kima Ventures
- Pivoted from SaaS product TappingStone to open source server within first 2 months
- 4000+ developers engaged, powering thousands of applications at funding time
- Revenue model: enterprise support license and advanced enterprise edition (MySQL-style)
- Competitors cited: Google Prediction API, Wise.io, BigML, Skytree (all "black box" MLaaS)
- Use cases: fashion preference prediction (Le Tote), personalized recommendation emails (PerkHub)
Connections: Predictionio · Google · Machine Learning · Recommendation Systems · Open Source Software
Source: http://techcrunch.com/2014/07/17/predictionio/?utm_campaign=fb&ncid=fb