SkyMind, a US-based developer of technology that aids in the development of deep learning software, has received $11.5m in a series A round that included several corporate investors, TechCrunch has reported.
Venture Capital firm Translink Capital led the round, which included internet group Tencent and cloud software provider ServiceNow as well as Presidio Ventures and GMO Ventures, subsidiaries of diversified conglomerate Sumitomo and internet company GMO respectively.
The round was filled out by Y Combinator, UpHonest Capital, GovTech Fund, Mandra Capital and Hemi Ventures. It followed $3m in seed capital from Tencent, SV Angel, GreatPoint Ventures, Mandra Capital, Hemi Ventures and Y Combinator in 2016.
SkyMind provides technology that helps enterprise customers deploy and maintain machine learning workflows. It is used by data scientists and IT teams to build high-performance and predictive artificial intelligence stacks.
In addition to accelerating its expansion into Asia, SkyMind will use the capital to make strategic hires for its North America team, and for customer acquisition. It has now raised a total of $17.9m altogether.