AI Firm Machinify Raises $10 Million in Series A Round
Artificial intelligence company Machinify has reportedly raised funds amounting to $10 million in Series A funding round. The round was led by Battery Ventures with participation from GV and Matrix Partners.
Through Machinify, the companies feed the system raw data, specify what they’re trying to optimize for. Based on past decisions, the machine can figure out the right thing to do.
“Our core notion is that today, enterprises are collecting a ton of data,” Machinify founder and CEO Prasanna Ganesan stated. “But if you look at how many of them are successful in turning it into smarter decision-making to drive efficiency, very few companies are succeeding.”
Machinify is laser-focused on the critical operational issues created by the deployment of what we often call Software 2.0 within ...