San Francisco-Based Startup PredictionIO Raises US $2.5 Million in a Seed Round; Set to Open Hong Kong Office


L to R: Kenneth Chan – Founding Engineer,Simon Chan (CEO) Donald Szeto (CTO), Justin Yip – Data Scientist

PredictionIO, an open source machine learning server, has just raised US $2.5 million in seed funding. Investors in this round include Azure Capital (who has backed VMWare and KISSmetrics), QuestVP, CrunchFund, Stanford – StartXFund, Kima Ventures, IronFire, Sood Ventures and XG Ventures.

Dubbed the “MySQL of Prediction,” PredictionIO enables developers and data scientists to build machine learning into products easily with just a few lines of code. PredictionIO’s system is based on user-defined goals and uses custom prediction models for every app.

“We want to make PredictionIO useful for all developers who are building web and mobile apps – we are going to support more predictive engines,” said co-founder and CEO Simon Chan. “Currently we support personalization, product suggestions, trend and churn prediction.”

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