Skymind raises 3M to bring its Java deep-learning library to the masses

Skymind, a company developing an open-source deep-learning library for Java, along with tools for implementation, today closed 3 million in financing from Tencent, SV Angel, GreatPoint Ventures, Mandra Capital and Y Combinator. Skymind was previously part of Y Combinator's Winter 2016 batch and has taken money from Joe Montana's Liquid 2 Ventures and a number of other prominent angels. Chris Nicholson, the company's co-founder and CEO, decided to start the company after he noticed the steady stream of deep-learning researchers leaving the halls of academia for the six- and seven-figure salaries of large tech companies. With human capital becoming a finite resource, the challenge quickly became about helping companies leverage existing resources to play in the world of deep learning. Eighty percent of the world's programmers are versed in Java programming.