Welcome!

Java IoT Authors: Pat Romanski, Elizabeth White, Charles Araujo, Yeshim Deniz, Liz McMillan

News Feed Item

Ayasdi Launches With $10 Million From Khosla Ventures and FLOODGATE to Pioneer Automated Insight Discovery From 'Big Data'

Based on 12 Years of R&D at Stanford, Funded by DARPA, Ayasdi Delivers the First Platform That Uses Topological Data Analysis (TDA) to Solve World's Most Profound and Expensive Problems

PALO ALTO, CA -- (Marketwire) -- 01/16/13 -- Ayasdi (www.ayasdi.com) today announced that it has received $10.25 million in a Series A funding led by Khosla Ventures and FLOODGATE. Ayasdi has created the world's first Insight Discovery platform, a technology that combines advanced mathematics, computer science, and visualization to help organizations find breakthrough insights in large and complex datasets that lead to impactful outcomes.

Ayasdi represents the culmination of a decade long research effort at Stanford, led by renowned mathematics professor and Ayasdi Co-Founder Gunnar Carlsson, and funded by the Defense Advanced Research Projects Agency (DARPA) and the National Science Foundation. Ayasdi enables organizations of any size to automatically find answers to questions they did not know to ask. Ayasdi overcomes the limitations of biased and query-driven "Big Data" approaches to reveal never-before-seen insights within a matter of minutes.

"At Khosla Ventures, we love companies that take a disruptive approach to transform an industry, as Ayasdi's team is doing in the field of big data," said Vinod Khosla, Founder, Khosla Ventures. "Ayasdi's Insight Discovery platform utilizes machine powered intelligence to unearth important -- and previously unattainable -- answers that will help solve some of the most pressing global, social, and economic issues."

Today, "Big Data" Fails to Solve Big Problems Because Query-Based Approaches are Flawed
Governments, businesses, and scientists have spent the last 30 years and billions of dollars attempting to address many of the world's biggest problems by analyzing data. Although Big Data tools have improved over the last 10 years, they have failed to yield breakthrough insights because data analysis methods have not evolved.

Since the creation of SQL in the 1980s, data analysts have tried to find insights by asking questions and writing queries. This approach has two fundamental flaws. First, all queries are based on human assumptions and bias. Secondly, query results only reveal slices of data and do not show relationships between similar groups of data. While this method can uncover clues about how to solve problems, it is a game of chance that usually results in weeks, months, and years of iterative guesswork.

The Ayasdi Breakthrough: Discovering Answers to Questions You Didn't Know to Ask
Ayasdi's Insight Discovery platform delivers insights, derived from massive and complex datasets, quickly and without queries. It is the first machine learning platform that combines computer science and a branch of mathematics known as Topological Data Analysis (TDA) that visualizes the entire dataset. Ayasdi's platform explores datasets with hundreds of machine learning algorithms in minutes to automatically discover insights that could not be determined through query-based or ad hoc approaches.

Ayasdi is designed for any type of user -- from domain experts to data scientists and researchers -- and does not require coding or model building. The cloud-based platform scales to meet the most demanding processing requirements and is secured using industry standard encryption. Ayasdi is engineered to complement other Big Data solutions and can work with datasets of any size or type including structured and unstructured.

Ayasdi is now actively working with Global 1000 customers to solve critical issues:

  • Discover New Drugs: First insight in 8 hours from 100+ hours leading to expedited clinical trials.
  • Improve Cancer Therapy: Recently, Ayasdi discovered new insights from an 11-year breast cancer dataset that included new sub-populations of breast cancer survivors.
  • Explore New Energy Sources: Identified data patterns leading to more predictive drilling.
  • Predict Fraud: Found unknown fraud relationships leading to new preventive measures.
  • Prevent Terrorist Attacks: Analyzed large corpus of text data revealing hidden patterns.

"The answers to today's most important scientific, business and social problems lie in data," said Gurjeet Singh, CEO of Ayasdi. "The biggest challenge in Big Data today is asking the right questions of data. The power of Ayasdi is its unique ability to automatically discover insights -- regardless of complexity -- without asking questions. Ayasdi's customers can finally learn the answers to questions that they didn't know to ask in the first place. Simply stated, Ayasdi is 'digital serendipity.'"

Industry Leaders Attest to the Power of Ayasdi
"The technology at Ayasdi, based on Topological Data Analysis, is one of the top 10 innovations developed at DARPA in the last decade and is the key to unlocking some of the biggest national security challenges that we face today," said Tony Tether, Former Director, Defense Advanced Research Projects Agency (DARPA).

"As one of the largest medical genetics centers in the United States, we conduct pioneering research to identify the genetic susceptibilities -- or predispositions -- of many diseases, including cancer. Ayasdi has already helped us glean new insights that will lead to breakthrough drug discoveries," said Eric Schadt, Director of the Icahn Institute of Genomics and Multiscale Biology at Mt. Sinai.

"UCSF and Ayasdi are collaborating together to develop new diagnostics and evaluate therapies for traumatic brain and spinal injuries. By utilizing Ayasdi's technology and Topological Data Analysis, we've been able to find insightful patterns in complex data that we are hopeful will lead us to new ways to treat, prevent and manage such traumatic injuries," said Adam R. Ferguson, Ph.D., Principal Investigator, UCSF Brain and Spinal Injury Center.

About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough technologies in clean energy, mobile, IT, cloud, big data, storage, health, food, agriculture and semiconductors. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and co-founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, Calif. More information is available at www.khoslaventures.com.

About Ayasdi
Ayasdi brings a pioneering approach to solve the world's most complex problems with the first Insight Discovery platform that automatically discovers insights from data. Founded in 2008 after a decade of research at Stanford, DARPA, and NSF, Ayasdi uses Topological Data Analysis (TDA) to reinvent how we find knowledge from data without asking questions, writing queries or code. By pairing hundreds of mathematical algorithms with machine powered intelligence, Ayasdi enables end users and domain experts to discover knowledge from massive datasets in seconds to minutes, often finding answers to questions that one would not know to ask of their data. Funded by Khosla Ventures and FLOODGATE, Ayasdi's customers include some of the world's largest organizations in government, financial services, oil and gas, and life sciences. To learn more, visit www.ayasdi.com or follow us @ayasdi.

PR Contact
Michael Lindenberger
Reidy Communications
Email Contact
415-531-1449

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...