FintekNews Deal of the Day – SigOpt Raises $6M

We thought this deal was worthy of today’s FintekNews Deal of the Day because it involves machine learning and targets banking & insurance plus algorithmic trading, amongst others.  

According to their website:  “SigOpt takes any research pipeline and tunes it, right in place, boosting your business objectives. Our cloud-based ensemble of optimization algorithms is proven and seamless to deploy.”

 They offer a “Simple API” that integrates machine learning, AI and simulations and an “Intuitive Platform” for manufacturing and process engineering.  Product picing is not cheap – $1,000 month for individuals inclusive of “up to 10 experiments per month” and custom pricing for enterprise. 

The Series A round announced today was funded by VC powerhouse Andreessen Horowitz. 

Total Equity Funding
$8.12M in 3 Rounds from 7 Investors

Most Recent Funding
$6M Series A on August 24, 2016

Read Full Listing at Crunchbase