Distributed Computing Platform Developer BeagleData Lands RMB 100 Mln Series D
The Beijing News, 6/13/18
Beijing-based distributed computing platform developer Tianyun Rongchuang Data Technology (BeagleData) recently announced the completion of RMB 100 mln in new funding in H1 2018, jointly led by Ally Capital and Meridian Capital.
BeagleData, founded in August 2010, is an artificial intelligence (AI) solutions provider capable of simultaneously providing distributed computation platform products and AI platform infrastructure.
BeagleData's distributed data science platform Maxim AI is a machine learning and model building product based on Hadoop/spark distributed base architecture. The graphical user interface utilizes a "free coding" interaction model, and Maxim AI simplifies management of the entire predictive model life cycle. Implementation of popular algorithms, such as distributed deep learning, gradient boost models, and logistic regression, accelerate model building and improve the accuracy of model predictions. Maxim AI is used in fields such as finance, medicine, energy, and art transactions.
Maxim AI's latest iteration, 3.0, achieves automated algorithm optimization, dubbed "Auto Machine Learning."
BeagleData previously won Series C funding from Angel Plus in August 2017 and RMB 15 mln in Series B funding in December 2016 from Tianjin Venture Capital Management.
Editor's Note: Chinese IT industry investment information portal IT Juzi lists this newest round of funding as BeagleData's Series D.
Keywords: BeagleData Tianyun Rongchuang Data Internet funding Meridian Capital artificial intelligence Ally Capital machine learning VC
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