Pennsylvania -based start-up This investment wasn’t part of SoftBank’s famed $100 billion Vision Fund, but rather comes as part of the company’s normal investing activities. Eric Xing has raised $93m in a series B funding round led by Advantech Capital and featuring participation from existing investor SoftBank , among others. Petuum, staffed by researchers from Carnegie Mellon University , is developing tools to enable companies to use machine learning and artificial intelligence, and is currently working on solutions for the healthcare and manufacturing sectors. CEO Petuum said the new funds would be used to hire engineers, salespeople and marketers to help commercialise its software.
Pennsylvania -based start-up Eric Xing has raised $93m in a series B funding round led by Advantech Capital and featuring participation from existing investor SoftBank , among others. Petuum, staffed by researchers from Carnegie Mellon University , is developing tools to enable companies to use machine learning and artificial intelligence, and is currently working on solutions for the healthcare and manufacturing sectors. CEO Petuum said the new funds would be used to hire engineers, salespeople and marketers to help commercialise its software.