Maluuba Closes Million in Series A Financing to Further Advancements in Deep Learning

Dave Grannan Joins as Chairman of Board as the Company Announces That Its AI Platform Is Now Integrated Across More Than 50 Million Devices Globally /EINPresswire.com/ — WATERLOO, ON — (Marketwired) — 01/20/16 — Maluuba, a deep-learning company helping machines think, reason and communicate with human-like intelligence, today announced a Series A round of $9M CAD, bringing its total funding to $12 million to date. Maluuba’s funding, which will be used to further enhance Maluuba’s deep learning research and development, as well as product expansion in the automotive and IoT sectors, includes Emerillon Capital, Nautilus Ventures and undisclosed strategic investors. Dave Grannan, previously vice president at Nuance Communications, president & CEO at Vlingo, and currently co-founder & CEO of Light, has joined as chairman of the board. As part of…


Link to Full Article: Maluuba Closes Million in Series A Financing to Further Advancements in Deep Learning