Monday, August 18, 2014

Algorithmia, Co-Founded By USC Grad Student, Gets $2.4M

A new startup, Algorithmia, which was co-founded by a USC PhD student, said today that it has raised $2.4M in a seed funding round, to go towards its online marketplace for computer software algorithms. The startup--which was co-founded by Kenny Daniel, who was recently pursuing a PhD in Artificial Intelligence at USC--says that it has created an online platform to let software engineers find different algorithms for us. The funding came from Madrona Venture Group, Rakuten Ventures, Deep Fork Capital, and angels. Algorithmia is based in Seattle. The company said Daniels specifically left the USC Ph.D. program to found Algorithmia.

---