Albeado Extends Seed Round with $3 Million in Funding From Brillio
Brillio • April 28, 2015
Investment to Drive Analytics Product Enhancement using Artificial intelligence and Machine Learning Technologies
Santa Clara, CA. – April 28, 2015 – Albeado, a Silicon Valley-based software company delivering predictive analytics and causal modeling, today announced the closing of series A financing round led by Brillio. The new funds will be used to expand Albeado’s engineering, sales and product development functions. Albeado has worked with agencies like NRECA/DOE, IEEE in the early phase of technology development and the startup’s client roster includes healthcare, utilities and manufacturing organizations focused on mitigating risk and maximizing production process efficiencies.
Albeado’s flagship technology platform offering, PRISM, applies the power of multi-context reasoning, expert systems and machine learning to internal organization data and external data to significantly increase the impact, accuracy, and speed of high confidence analytics and decision-making. By fusing human and organizational expertise with the analytical power of big data, the precision of scientific modeling and the rigor of multi-context reasoning, Albeado’s solutions reveal significant new insights that would otherwise be inaccessible to either human or machine alone.
“Albeado is at the forefront of shaping the next stage of the Big Data revolution.” stated Partha Datta Ray, CEO and Founding CTO, Albeado. “There is a level of prediction accuracy which businesses are pursuing that does not contribute to improving the control of or intervention in important outcomes. Albeado’s approach matches domain expertise with patent protected solutions in machine learning and causative models to create high confidence decision support systems. These systems enable decision makers to proactively intervene in the forces that can improve reliability, enhance efficiency and production, and reduce the cost of their services.”
“As part of Brillio’s mission to accelerate innovation for our global enterprise customers, we have a dedicated team focused on early stage technology investments who are pushing the boundaries of analytics, big data and machine learning,” said Raj Mamodia, CEO of Brillio. “Through these investments, Brillio is able to provide two critical elements to its portfolio companies: a collaborative ecosystem of other entrepreneurs and experts, along with pilot programs with our customers to accelerate the business impact of technology.”
Brillio, a global technology consulting, software, and business solutions company, enables the successful transformation of businesses facing significant disruption fueled by technology and cultural change. The company utilizes emerging technologies to create new customer experiences, achieve cost efficiencies, and gain competitive advantage. This, along with its key technology partnerships and investments in areas such as analytics, security, cloud, mobile, and machine learning, delivers innovative processes and solutions that result in significant market impact. Brillio brings business expertise to clients in the Banking and Finance, Utilities, CPG, Retail, Technology, Media and Entertainment industries.
Albeado, a predictive analytics and causal modeling software company, delivers decision support systems for enterprise organizations. By fusing human and organizational expertise with the analytical power of big data, the precision of scientific modeling and the rigor of multi-context reasoning, Albeado’s PRISM-based solutions provide insights and enable high confidence interventions that would otherwise be inaccessible to either human or machine alone. Albeado’s clients include healthcare, utilities and mining companies, where risk mitigation mitigating risk and maximizing production process efficiencies are critical. For more information, please visit www.albeado.com.