Petuum computes $93m series B

Oct 12, 2017 •

Petuum has built an artificial intelligence platform that it hopes will encourage more development for sectors such as healthcare.

Petuum, a US-based machine learning spinout from Carnegie Mellon University (CMU), closed its series B round at $93m on Tuesday led by an unnamed subsidiary of telecoms group SoftBank.

Venture capital firm Advantech Capital participated in the round.

Petuum was spun out from CMU’s Machine Learning department in July 2016 by Eric Xing, Qirong Ho and Ning Li. The company has developed an operating system (OS) that lets machine learning and artificial intelligence (AI) developers collate data from varied sources…

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