Ayasdi Launches With $10 Million From Khosla Ventures and FLOODGATE to Pioneer Automated Insight Discovery From 'Big Data'
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by BWW News Desk
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
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 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:
"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
"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.
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