Google's newly formed AI fund has made its first public investment, leading a $10.5m round for app algorithm marketplace Algorithmia that included Rakuten.
Algorithmia, the US-based operator of an algorithm network for app developers closed a $10.5m series A round on Friday led by internet technology provider Google’s newly formed artificial intelligence (AI) fund.
Rakuten Ventures, the corporate venturing arm of e-commerce firm Rakuten, also participated in the round, as did Madrona Venture Group, Osage University Partners and Work-Bench.
Algorithmia has put together an online community that contributes algorithms that help developers build smarter, machine learning technology-equipped apps.
There are more than 3,500…
