About a month ago, word spread that Google had quietly launched a new fund for investing into AI companies. Now this fund has made its first (or at least its first public) investment. Led by Google’s VP of engineering for AI, Anna Patterson, this new fund is leading a $10.5 million Series A into Algorithmia, a marketplace and enterprise solution that allows developers to easily tap into its catalog of 3,500 algorithms, functions and machine-learning models.
Read more here: https://techcrunch.com/2017/06/23/algorithmia-raises-10-5m-series-a-round-led-by-googles-new-ai-fund/