Cambridge, MA-based big data company Nutonian has raised $4m in a Series A round of financing, led by founding investor Atlas Venture. Nutonian will use the money to further develop and market its machine learning platform, Eureqa.
Eureqa uses a technique called symbolic regression to uncover the intrinsic relationships in data, and generates insights from them in a form suitable for a non-technical audience.
Michael Schmidt (pictured), Nutonian founder and CEO, comments: 'In a staggeringly complex world, it is impossible for the human mind alone to make precise predictions about what will happen and why it will happen. We created Eureqa to uncover the underlying truth from seeming chaos. Its application in the business world and the value it can bring is exciting and we are very fortunate to have investors who share in that confidence and vision.'
According to Chris Lynch, partner at Atlas Venture, 'Nutonian is where Artificial Intelligence and Business Intelligence meet, fundamentally changing the way we use, and extract value from data'.
Founded in 2011, the company is on the web at www.nutonian.com .
All articles 2006-18 written and edited by Mel Crowther and/or Nick Thomas.