Spell Raises $15 Million, Announces New Deep Learning and AI Development Platform

Spell recently announced a new, end-to-end deep learning and artificial intelligence platform that is designed to help teams and businesses across various industries to build with artificial intelligence. Besides unveiling the new product offerings, the company also announced that it has closed a $15 million funding round that was led by Two Sigma Ventures and Eclipse Ventures. The company said it will utilizing this investment to integrate more advancements and drive even bigger organizations, while still bringing artificial intelligence and deep learning to more and more members of the global workforce. Serkan Piantino, Co-founder and Chief Executive Officer, Spell, said, "AI may seem so advanced, but behind the scenes, 90 percent of the work is often spent on the basic mechanics of getting data, software and computation in the right place. Rather than having to start from scratch to build dozens of machines or physically move data from place to place, teams and businesses can run real experiments from a laptop at a coffee shop. The level of access and collaboration offered by Spell invites both greater productivity and adoption, as far more people will be able to harness the power of machine learning. It'll no longer be reserved for the biggest of companies."