Welcome!

Java IoT Authors: Yeshim Deniz, Elizabeth White, Liz McMillan, Pat Romanski, Jason Bloomberg

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
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.