Top Machine Learning Startup Funding in the Last Quarter of 2021

 ML startup fundingThese machine learning startups have secured great funding to innovate better.

Machine learning or ML is a kind of Artificial Intelligence that allows software applications to become more accurate at predicting outcomes without being explicitly programmed. ML algorithms use historical data as input to predict new output values. Machine learning is vital as it gives enterprises a view of trends in customer behavior and business operational patterns supporting the development of new products and services. Today, machine learning is used in a broad manner to innovate products. Let’s see what machine learning startups have raised their funding in the last quarter of 2021. 

 

OctoML raises US$85 Million 

OctoML is a Seattle-based startup that helps enterprises optimize and deploy their machine learning models and has announced to raise US$85 million in the Series C round which was led by Tiger Global Management. The company came up with the announcement on November 1st. The company was co-founded by CEO Luis Ceze, CTO Tianqi Chen, CPO Jason Knight, Chief Architect Jared Roesch and VP of Technology Partnerships Thierry Moreau, who together also created the Apache TVM open source machine learning compiler framework. This is one of the ML startups that has raised funding in the last half of the year. 

 

MindsDB raises US$7.6 Million 

MindsDB, a startup integrating machine learning into existing databases, has announced an investment from Walden Catalyst Ventures, which brings the total it has raised to US$7.6 million. The new investors join YCombinator, OpenOcean, SpeedInvest, and the University of California Berkeley SkyDeck fund. MindsDB works by automating and abstracting machine learning through virtual AI Tables in databases. It is done through SQL, although MindsDB states that MongoDB query syntax is also supported. This is one of the ML startups that has raised funding in the last half of the year. 

 

ShareChat raises US$266 Million 

Mohalla Tech, the parent company behind ShareChat and Moj has raised US$266 million in the Series G funding round led by Alkeon Capital at a valuation of US$3.7 billion. The funding will help in building capabilities in social and live commerce, machine learning, and artificial intelligence team which now consists of over 100 people spread across the US, India, and Europe. ShareChat was founded by Farid Ahsan, Ankush Sachdeva, and Bhanu Pratap Singh in 2015. This is one of the ML startups that has raised funding in the last half of the year. 

 

Enmovil Solutions raises US$1.3 Million 

Enmovil Solutions Pvt Ltd is an Hyderabad-based logistics tech startup that has raised US$1.3 Million in its pre-Series A funding round led by Anicut Angel Fund. The company’s ‘autometrics’ uses machine learning or ML-driven algorithms that leverage the power of IoT and integration of data from unstructured sources to automate material and fleet movement from warehouse to the dealer. This is one of the ML startups that has raised funding in the last half of the year. 

 

Dialpad raises US$170 Million 

Dialpad has raised US$170 million in funding at a valuation of US$2.2 billion. This round of funding will be used to further invest in the development of the company’s unified platform, especially machine learning and artificial intelligence. The firm will invest in the development and application of native artificial intelligence to hire new talent to support its rapid global growth. This is one of the ML startups that has raised funding in the last half of the year. 

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