SANTA CLARA, CA, Machine Intelligence Company announced today that it has received seed investments from the Alchemist Accelerator and the Citrix Startup Accelerator.
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Wise.io, the Machine Intelligence Company, announced today that it has received seed investments from two prestigious Bay Area programs supporting enterprise-focused early-stage companies, the Alchemist Accelerator and the Citrix Startup Accelerator. The announcement was made during the company's "Demo Day" graduation event from the Alchemist.
Founded by leading experts in machine learning, predictive analytics, and cloud software, wise.io delivers rapid, collaborative prototyping and production deployment of advanced machine learning solutions. While machine learning algorithms are widely recognized as having enormous potential to provide deep knowledge from diverse data, growing complexity, fragmentation, and lack of scalability have severely limited their widespread adoption. Even for those willing to face this challenge, the months- or years-long implementation cycle severely limits the ability to impact business decisions.
"Despite the rapid rise of investment in Big Data infrastructure, we continue to see organizations struggle to generate actionable, timely insights from their data," said Dr. Joshua Bloom, co-founder and CEO of wise.io. "By marrying our high-performance machine learning engine with collaborative cloud-based model development, we reduce the time from business question to data-driven insight from months to weeks. Machine intelligence puts the insights derived from machine learning into practical use: it's surfacing real value with actionable insight."
"The rate of product development and customer traction since wise.io joined the Accelerator in January has been truly impressive," said Ravi Belani, principal mentor at the Alchemist Accelerator. "We are proud of their progress and excited to watch them launch into this disruptive and rapidly growing space."
Following their graduation from the Alchemist, wise.io will join the Citrix Startup Accelerator. As the newest member, wise.io will gain access to Citrix mentors, industry experts, and global customer base. "Citrix Startup Accelerator invests in startups with new approaches to core enterprise IT challenges. With the rapid growth in (big) data collection, new technologies for deriving knowledge from that data are needed as never before," said Michael Harries, Chief Technologist at the Citrix Startup Accelerator. "We were drawn to wise.io by the combination of their team of technologists and enterprise cloud engineers, their game-changing product for predictive analytics, and their strong early customer demand. We are excited to contribute to their success."
Wise.io, The Machine Intelligence Company, delivers rapid, collaborative prototyping and production deployment of advanced machine learning solutions. Founded by leading experts in machine learning, analytics, and cloud computing, wise.io's cloud based platform brings the power of advanced analytics to a broad audience.
The company invites those from data-rich industries to learn how they can gain actionable insights by sharing their machine intelligence challenges and stories at: http://wise.io/mi-story
About The Alchemist Accelerator
The Alchemist Group focuses on accelerating the development of seed-stage enterprise startups. Backers include Cisco Systems, Draper Fisher Jurvetson, Khosla Ventures, SAP Ventures and US Venture Partners. The group has its roots out of the Harvard Club in San Francisco and targets technical co-founders and students from Ivy League and other high-caliber universities.