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Global Big Data Conference
Machine learning algorithms aren't just technological novelties relegated to tasks like picking out faces in crowded places. In the enterprise, they can surface patterns and relationships that would otherwise have been missed. To do just that, Outlier.ai's business analysis platform extracts data from internal and external sources and analyzes it to spot critical changes in behavior. Investors see potential -- a year after experiencing 400% growth, Oakland, California-based Outlier today announced that it has raised $22.1 million in a series B funding round led by Emergence, with participation from existing investors Ridge Ventures, 11.2 Capital, First Round Capital, Homebrew, Susa Ventures, and SV Angel, bringing its total raised to over $30 million. Cofounder and CEO Sean Byrnes says the funding will be used to accelerate growth and make strategic hires across Outlier's Oakland headquarters, as well as offices in Virginia Beach, Virginia and Europe.