Archives for February 11, 2016

DataRobot raises $33 million in new funding

February 11, 2016 by Abdul Montaqim

DataRobot Inc. co-founders Jeremy Achin, left, and Tom DeGodoy. Picture: Anastasia Seifetdinova, via Wall Street Journal

Machine learning automation pioneer DataRobot has closed $33 million in Series B financing, bringing the total investment in the company to more than $57 million.

New Enterprise Associates (NEA) led the round, which also included Accomplice, Intel Capital, IA Ventures, Recruit Strategic Partners, and New York Life.

With customers and offices already established in Europe, the Asia-Pacific region, and the United States, DataRobot is funded for aggressive expansion in global sales, marketing, business development, engineering, R&D, and strategic initiatives at all locations. [Read more…] about DataRobot raises $33 million in new funding

North American robotics market sets new records in 2015

February 11, 2016 by Abdul Montaqim

Robot orders and shipments in North America set new records in 2015, according to Robotic Industries Association (RIA), the industry’s trade group.

A total of 31,464 robots valued at $1.8 billion were ordered from North American companies during 2015, an increase of 14% in units and 11% in dollars over 2014.

Robot shipments also set new records, with 28,049 robots valued at $1.6 billion shipped to North American customers in 2015. Shipments grew 10% in units and nine percent in dollars over the previous records set in 2014. [Read more…] about North American robotics market sets new records in 2015