H2O Raises Million to Scale Machine Learning Biz

In yet another sign of the rise of machine learning, H2O.ai today announced the close of a $20 million series B round of funding, bringing its total funding to $34 million, and giving it additional capital to grow its sales, marketing, and customer support operations.H2O (which changed its name from 0xdata last year) is one of a number of software companies aiming to simplify how customers use machine learning technology. The company counts 5,000 customers, including Cisco, which uses H2O software to run 60,000 propensity-to-buy models every quarter, and Progressive, which employs H2O models in its Snapshot driving data collector. Data scientists have been using machine learning algorithms for years to identify patterns buried in huge data sets. But with the data scientist shortage showing no signs of abating, you…


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