Machine learning platform Maluuba raises $9 mln in Series A
Waterloo-based machine-learning startup Maluuba announced it has raised $9 million in a Series A financing. The investors included Canadian venture capital firm Emerillon Capital, U.S.-based Nautilus Ventures, and undisclosed strategic investors. The company has now raised $12 million in total funding. As part of the round, Brian Kang, managing director of Nautilus, and Ludovic Andre, managing director of Emerillon, have joined the board. Founded in 2011, Maluuba has developed technology that helps to solve language-understanding problems and to train machines to model capabilities of the human brain. It said its platform is now integrated across over 50 million devices.
20 January 2016•3 mins read
