Machine learning algorithms are changing the face of venture capital. Crowdfunding platform CircleUp has been using its “ Classifier ” software to prescreen investments for a four year , measuring more than 10,000 data points for each company to determine whether companies warrant further evaluation by humans. Using data accumulated by 92,000 evaluations over two years period has significantly speeded up the screening process. FundersClub , an early entrant in the digital investment platform space uses its algorithms to judge which investors on the platform as best at picking companies in which to invest.
Machine learning algorithms are changing the face of venture capital. Crowdfunding platform CircleUp has been using its “Classifier” software to prescreen investments for two years, measuring 92,000 data points for each company to determine whether companies warrant further evaluation by humans. Using data accumulated by more than 10,000 evaluations over a four year period has significantly speeded up the screening process. FundersClub, an early entrant in the digital investment platform space uses its algorithms to judge which investors on the platform as best at picking companies in which to invest.