Machine learning & analytics startup GraphLab garnered $18.5 million in Series B funding round led by Vulcan Capital, with participation from Opus Capital Ventures and existing investors New Enterprise Associates (NEA) and Madrona Venture Group. The outfit also changes its name from GraphLab to Dato.

“Our company was founded on a mission to create a more intelligent world. The investments made in Dato will help us empower many more data scientists, software developers and engineers to revolutionize industries and enhance our lives in ways we can’t imagine. We are delivering a complete environment that makes data science and its benefits accessible to every business,” explained the once professor at Carnegie Mellon, founder and current CEO, the machine learning veteran Carlos Guestrin.

Founded in March 2013, the popular machine learning platform now enables the creation of intelligent applications based on any type of data, including graphs, tables, text and images.

Dato will use the new funding to expand its business development, engineering and customer support teams catering to a growing customer base. The Series B round brings the total amount raised by Dato to $25.25 million. Steve Hall from Vulcan Capital will join Dato’s board of directors, reports a press release.

Read more here.


(Image credit: Dato)

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