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6Mar By AdityaNo Comments

FUNDING

Gyana Raises funding from Twitter co-founder Biz Stone & Others

London-based data science startup Gyana has raised USD 3.9 million (about Rs 28.5 crore) in pre-series A round of funding led by Fuel Adventures, Twitter co-founder Biz Stone, Green Shores Capital and U+I. Gyana plans to use the latest round of funding to support growing its product user base, while aiding expansion across Europe and India soon, a statement said. The company''s AI tool is being used by industries ranging from property to retail and consulting. Its clients include Vodafone, Barclays, EY, Pret a Manger, Knight Frank and the UK Ministry of Defence. "We see no-code in a similar light to the use of translation services for languages. Not everyone on the planet is suited to being a developer, and even though newer generations are becoming more computer literate, we thin...

24Mar By Sheldan RungasamyNo Comments

FUNDING

Infosys Invested $1.5M in a Data Discovery Firm

Infosys, an IT services major, said it made a second investment of $1.5 million in Waterline Data Science, which is a data discovery and data governance software provider company. The Bengaluru-based company first poured $4 million in the US-based firm to obtain stakes in return back in January 2016. After the recent investment, Infosys now holds a minority stake not exceeding 20% of the incredible share capital of the company, according to the company filing to the stock exchange. The investment will be fully completed by April 6, 2018. Waterline is a firm that provides data scientists and business analysts with a self-service data catalogue to help discover, understand and provision data. Founded in December 2013, the company also gives an automated data inventory that allows ea...

Google Acquires Data Science Startup Kaggle in a Boost to Data Play

9Mar By PriyankaNo Comments

ACQUISITION

Google Acquires Data Science Startup Kaggle in a Boost to Data Play

Technology giant Google has announced the acquisition of Kaggle, a start-up that hosts a number of data scientists, for an undisclosed amount at the Cloud Next 2017 conference. "Kaggle is going to maintain independent brand for a while... what Kaggle has contributed to the community is democratisation of data, developer community... partnership with Kaggle is going to be very positive for us," said Chief Scientist Google Cloud (artificial intelligence and machine learning) Fei Fei Li here. Founded in 2010, Kaggle is home to the worlds largest community of data scientists and machine-learning enthusiasts.More than 8 lakh data experts use Kaggle to explore, analyse and understand the latest updates in machine learning and data analytics. "We are providing them best technology to tak...

Tata Group Tie-up With Yale University For Research & Development and Funding

29Aug By AnkitaNo Comments

BUSINESS

Tata Group Tie-up With Yale University For Research & Development and Funding

Indian conglomerate Tata Group and US prestigious Yale University have launched a collaboration that will focus on promoting research and its application in fields like network science, data science, healthcare and microbiome research. Tata has committed to fund the alliance over five years. However, the company did not disclose the financial details. The project would foster an intellectual exchange between the university and Tata Sons, Tata Consultancy Services and Tata Chemicals. "The initial aim of the alliance is to expand research and its application in fields ranging from network science to data science to healthcare. During each year of the agreement, Yale will also host visiting Tata scholars, who will actively participate in the research projects," Yale said in a statement is...