CSE professor’s machine learning start-up, GraphLab, scores $6.75M in venture funding, joins C4C incubator
Posted on May 16, 2013 Startup News
GraphLab Inc., a start-up company founded by UW professor Carlos Guestrin, announced this week a $6.75 million Series A funding led by Madrona Venture Group and NEA. The company will be taking up residence in the C4C New Ventures Facility, UW’s start-up incubator on campus.
Guestrin, who is also the company’s CEO, began the GraphLab open source project five years ago, GraphLab Inc is building a commercial product for applying advanced machine learning to massive graph datasets.
“Data has the ability to make our lives better – whether applied to public health, economics, or suggesting the perfect song. But as the complexity of data sets grows, the need for entirely new ways of thinking about them has grown as well,” said Guestrin. “The industry’s response to the GraphLab project has been clear, this is the solution that drives millions of transactions daily and we are excited to continue to build on this success with commercial products that make a difference.” Guestrin is the Amazon Professor of Machine Learning at the University of Washington.
“Graph data is fundamentally different than other datasets and the analytics solutions that companies are using are time intensive to create and to maintain. There is a significant need for graph-specific solutions to answer some of the bigger questions of our time,” said Matt McIlwain, Managing Director, Madrona Venture Group. “Carlos Guestrin is an exceptional talent who brings both business and engineering experience to the table and we are excited to help build this important company with him and his exceptional team.”
For more information:
Read GeekWire article