Algorithmia computes $25m series B

May 15, 2019 • Callum Cyrus

Osage University Partners, Gradient Ventures and Rakuten Ventures featured in machine learning software developer Algorithmia's latest round, which brought its total to $37.9m.

US-based machine learning development software creator Algorithmia yesterday received $25m in a series B round backed by spinout-focused investment firm Osage University Partners (OUP).
Norwest Venture Partners led the round, which also included Gradient Ventures, the artificial intelligence (AI)-focused investment unit of internet company Google, and Rakuten Ventures, the corporate venturing arm of e-commerce firm Rakuten.
Madrona Venture Group and Work-Bench filled out the series B round.
Founded in 2013, Algorithmia started out as a marketplace for…

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