California machine learning startup Wise.io pockets $2.5M in Series A round
Wise.io has secured $2.5 million in its first financing round to simplify machine learning for its clients. Voyager Capital was the lead investor in the said round, according to GigaOM.
Market Wired cited Voyager managing director Daniel Ahn saying: "Machine Learning is unquestionably the future of advanced analytics for the enterprise. When I first met Wise.io, I was struck by the caliber of the team and the unequaled performance of their core technology. Ultimately, what distinguished Wise.io from the other vendors and compelled us to invest was their focus on providing a complete turnkey product that was easily accessible to business users."
The Berkeley-based startup graduated from the Alchemist Accelerator in May last year. The firm allows its users to build and deploy machine learning tools that can predict the behavior of their customers, GigaOM explained.
Meanwhile, Wise.io also announced that its co-founder and Chief Executive Officer (CEO) Joshua Bloom will be replaced by Jeff Erhartdt, former Chief Operating Officer (COO) of Revolution Analytics. Bloom will now become Wise.io's Chief Technology Officer (CTO), the report detailed.