Tech Company Financing Transactions
Petuum Funding Round
Petuum closed a $93 million Series B funding round on 10/11/2017. Investors included Advantech and SoftBank Group.
Transaction Overview
Company Name
Announced On
10/11/2017
Transaction Type
Venture Equity
Amount
$93,000,000
Round
Series B
Investors
Proceeds Purpose
To the company's credit, it is starting by going after healthcare and fintech customers. Though in the long run, Petuum doesn't intend to cover every vertical. Petuum is working with beta testers in different industries so that in the future, outsiders can develop and deploy solutions on top of the platform.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
2555 Smallman St. 120
Pittsburgh, PA 15222
USA
Pittsburgh, PA 15222
USA
Phone
Undisclosed
Website
Email Address
Overview
Petuum endeavors to provide an Omni-source, Omni-lingual, and Omni-mount platform that serves the full spectrum of Artificial Intelligence and Machine Learning applications. We empower organizations to create AI/ML solutions that are correct, fast, scalable, and consume minimal computing resources.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eric Xing
Chief Technical Officer
Qirong Ho
VP - Operations
Daniel Kuehl
VP - Product Management
Ying Wang
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Where The Data Comes From
We do our best to record funding rounds that are announced publicly. VC transactions reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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