PALO ALTO, Calif.--(BUSINESS WIRE)--Centerview Capital Technology and Ayasdi announced their partnership in a new round of Series C investment that will fund expansion of Ayasdi’s successful and growing business in Machine Intelligence software. Ayasdi will use the investment to enhance its core deep analytics platform, expand its portfolio of industry-specific applications for insightful decision-making, and broaden its sales and marketing coverage.
Centerview Capital Technology joins investors Kleiner Perkins Caufield & Byers, Khosla Ventures, Institutional Venture Partners, FLOODGATE, Draper Nexus and Citi Ventures in this new round of Series C funding for Ayasdi.
“We are thrilled with the addition of Centerview Capital to our roster of prestigious investors,” said Gurjeet Singh, Ayasdi CEO. “Centerview’s experience in scaling and expanding innovative technology-driven businesses will help Ayasdi during our next phase of growth and penetration into more Fortune 1000 deployments.”
“Ayasdi’s products enable global enterprises to transform decision making,” said David Dorman, Partner at Centerview Capital Technology. “We are excited to partner with Ayasdi as they scale their work across industries ranging from Healthcare to Financial Services.”
“Ayasdi is leading the transformation of how businesses will utilize advanced analytics technologies to understand increasingly complex data assets,” said Abhishek Sud, Principal at Centerview Capital Technology. “Ayasdi represents a new breed of software that combines artificial intelligence with topological mathematics to deliver unparalleled business insight.”
Ayasdi Leads in Machine Intelligence Powered by Topological Data Analysis (TDA)
In its most recent fiscal year, Ayasdi extended its leadership position in the industry by enhancing the speed, usability and reach of its analytical solutions. Ayasdi pioneered the use of Topological Data Analysis (TDA), which applies the mathematical principles of shape to quickly identify meaningful patterns and values within complex datasets. TDA encompasses and enhances the broad set of statistical, geometric and machine learning algorithms used to analyze complex datasets today. Today’s hypothesis-driven, iterative approach to data analysis is time-consuming and relies upon specialized experts to ask the right questions and write code. By contrast, Ayasdi’s Machine Intelligence software employs a data-driven approach that thoroughly inspects the entire dataset, to find the most important patterns, values and anomalies. It accelerates the discovery process, and improves the quality of the analysis, empowering domain experts and data scientists to apply these insights to their business more efficiently and effectively.
About Centerview Capital Technology
Centerview Capital Technology, based in Menlo Park, CA, is an investment adviser focused on growth capital and middle market buyouts in the U.S. technology industry. Centerview Capital Technology seeks to partner with the management teams of high potential technology companies to help accelerate growth through operational transformation. Centerview Capital Technology has extensive technology sector knowledge, operational expertise and deep industry relationships that can be leveraged to unlock value and propel businesses forward. Centerview Capital also operates a consumer focused private equity fund based in Greenwich, CT. More information about Centerview Capital Technology is available at http://www.centerviewcapital.com/technology/
Ayasdi is on a mission to make the world’s complex data useful by automating and accelerating insight discovery. The company’s Machine Intelligence software employs Topological Data Analysis (TDA), to simplify the extraction of knowledge from even the most complex data sets confronting organizations today. Developed by Stanford computational mathematicians, Ayasdi’s approach combines machine learning algorithms, abundant compute power and topological summaries to revolutionize the process for converting data into business impact. For more information, visit http://www.ayasdi.com or follow us on Twitter @Ayasdi.