Ayasdi, the provider of Machine Intelligence Software that automates and accelerates insight discovery announced a fresh funding amounting to $55M in a Series C round along with a bookings growth percentage of over 400% for fiscal year ended Jan 30th, 2015.

“Our mission is to make complex data useful for all organizations and businesses,” points out Gurjeet Singh, CEO of Ayasdi. “Our customers’ ability to comprehensively find critical insights within their data is falling behind the exponential rate of their data growth. With our machine intelligence software, you can take control of your data to drive impactful and transformative business decisions faster.”

Ayadsi’s proprietary tech focuses around topology- a century-old technique for making sense of complex datasets. Starting life as a US government study, Ayadsi’s technology uses Topological Data Analysis (TDA)- a fusion of statistical, machine learning and geometric algorithms- to make sense of hugely intricate datasets. One of Ayadsi’s first use cases was analysing breast cancer tumours; by visualising this data, Ayadsi was able to uncover correlations between types of tumour and treatment plans that weren’t visible to the human eye & mind.

The funding round was led by Kleiner Perkins Caufield & Byers (KPCB), and joined by existing investors, Institutional Venture Partners (IVP), Khosla Ventures, FLOODGATE, Citi Ventures, and new investors, Centerview Capital Technology and Draper Nexus.

Ayasdi’s Machine Intelligence software finds customers in Fortune 500 companies and through the last 12 months, Ayasdi’s customer has increased with Citigroup, Credit Suisse, Siemens, Lockheed Martin, Mercy health system, Mount Sinai School of Medicine, UCSF Medical Center, and other leaders in financial services, technology, healthcare, government and life sciences. In addition, Ayasdi announced partnerships with Cloudera, Hortonworks, Intel and Teradata.

Image credit: Ayadsi

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