Petuum, Revolutionary AI/ML Development Platform, Closes Million in Series A Funding Led …

PITTSBURGH–(BUSINESS WIRE)–Petuum, Inc., a startup building an artificial intelligence (AI) and machine learning (ML) solution development platform, has closed $15 million in Series A funding led by Advantech Capital, with additional investors Tencent, Northern Light Venture Capital and Oriza Ventures. Founded by Dr. Eric Xing, a professor and associate head of research of the Machine Learning Department in the School of Computer Science at Carnegie Mellon University, Petuum is a revolutionary development platform that reduces bottlenecks and eliminates friction in AI/ML deployments. “Until now, most AI and ML solutions were hand-crafted black boxes,” said Xing. “Petuum empowers organizations to create AI/ML solutions that are correct, fast, scalable, and consume minimal computing resources, by using standardized building blocks and methods that are transparent and repeatable.” Petuum is building a next generation…


Link to Full Article: Petuum, Revolutionary AI/ML Development Platform, Closes Million in Series A Funding Led …

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