Algorithmia Lands In-Q-Tel Deal, Adds Deep Learning Capabilities

Algorithmia, which runs a public marketplace for algorithms, has just landed a deal to provide a private algorithm-sharing platform for the U.S. intelligence community. The deal with In-Q-Tel, which invests in and procures new technologies for intelligence agencies, comes on the heels of a significant upgrade in capabilities for Algorithmia’s primary business of brokering access to algorithms—the mathematical formulas that underpin modern apps—through a marketplace open to anyone. The company implemented upgrades to handle the data- and compute-heavy requirements of trained deep learning models, which have largely been the domain of tech giants and academic researchers. In-Q-Tel will have access to Algorithmia’s Codex platform—essentially a private version of the broader Algorithmia marketplace, which is based on public cloud computing infrastructure. “We knew from day one that not all businesses or…

Link to Full Article: Algorithmia Lands In-Q-Tel Deal, Adds Deep Learning Capabilities

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