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

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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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StartupsHK Resources: Startup-Friendly Legal Contacts

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With its robust legal system and solid intellectual property protection, Hong Kong truly is an ideal place to start a business.

While you’d rather focus all energies on building your product instead of filling out paperwork, dealing with the legal side is inevitable. For those first-time founders that don’t have the faintest clue where to start, we’ve put together a working list of legal contacts for startups.
 

Cooley

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With a global team of 750 attorneys throughout the US and in China (they’re located in Shanghai), Cooley’s practice spans the technology, life sciences, real estate, financial services, retail and energy sectors. Operating in eleven major commercial markets, Cooley has had a track record of representing companies that have created disruptive technologies and generally challenge the status quo.

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