Tuesday, June 19, 2018

Falkonry Picks Up $4.6M For Industrial Machine Learning

Sunnyvale-based Falkonry, a developer of machine learning software that is being applied to industrial companies and their operations, has raised $4.6M in a series A funding, the company announced on Tuesday morning. The funding was led by Presidio Ventures, and also included Sumitomo Corporation, Fortive Corporation, plus early seed stage investors Basis Set Ventures, Polaris Partners, Start Smart Labs and Zetta Venture Partners. Dr. Nikunj Mehta is Founder and CEO of Falkonry, who says the company's existing customers are in the oil & gas, automotive, semiconductor, mining & metals, power & energy and industrial equipment areas. More information »