Tech Company Financing Transactions
Skymind Funding Round
Skymind secured a $11.5 million Series A financing round on 3/20/2019. Investors included Translink Capital, GMO Venture Partners and Govtech Fund.
Transaction Overview
Company Name
Announced On
3/20/2019
Transaction Type
Venture Equity
Venture Equity
Venture Equity
Amount
$11,500,000
Round
Series A
Investors
Proceeds Purpose
The inclusion of TransLink Capital gives a hint as to how the company is planning to use the funding. One of TransLink's specialties is helping entrepreneurs develop customers in Asia. Skymind believes that it has a major opportunity in that market, so having TransLink lead this round makes a lot of sense. Skymind also plans to use the round to build out its team in North America and fuel customer acquisition there.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
1328 Mission St. 9
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Skymind is the company behind Deeplearning4j, the only commercial-grade, open-source, distributed deep-learning library written for Java and Scala. Integrated with Hadoop and Spark, DL4J is specifically designed to run in business environments on distributed GPUs and CPUs.
Management Team
Title
Name
Email & Social
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