Stanford spin-out Ayasdi receives $10.25m in series A financing for launch from Khosla Ventures and FLOODGATE.

Ayasdi, a data firm that has been in incubation at Stanford for over a decade, has received $10.25m to launch the spin-out in a series A round led by venture firm Kholsa Ventures and seed investor FLOODGATE.
The US-based spin-out has created what it calls the world’s first “Insight Discovery” platform, a data-centric technology that allows companies of any size to find insights in “large and complex datasets”. Stanford University has been developing the technology for 12 years with the aid of a $750k grant from the US Government’s military research and development unit, the Defense Advanced Research Projects Agency (DARPA).
Tony Tether, a former director at DARPA, said: “The technology at Ayasdi, based on Topological Data Analysis, is one of the top 10 innovations developed at DARPA in the last decade and is the key to unlocking some of the biggest national security challenges that we face…

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