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Secretive Israeli Startup Voyager Labs Raises $100M from Major Investors

Secretive Israeli Startup Voyager Labs Raises $100M from Major Investors

Hong Kong tycoon Li Ka-shing’s Horizons Ventures, and Oracle Corp. (NYSE: ORCL) Irish subsidiary Ocapac Holding Co. Other participating investors are said to include British venture capital and private equity pioneer Sir Ronald Cohen, founder of Apax Partners, and chairman of The Portland Trust and Bridges Ventures, who is described as the “father” of British venture capital and social investment. Lloyd Dorfman, founder of London-based leading foreign exchange company Travelex Group, also reportedly invested in Voyager Labs. The startup, formerly known as Voyager Analytics, has reportedly been developing an artificial intelligence engine that combines expert systems with deep-learning algorithms, and currently has more than 90 employees mostly in Hod Hasharon, near Tel Aviv. The company has customers and use cases, and is said to be capable of extracting dynamic, real-time, and tailored insights into human behavior by analyzing massive amounts of publicly available unstructured data. “Powered by our sophisticated cognitive computing deep-insights platform, publicly available data becomes a treasure trove of information which can provide unprecedented value to businesses,” said Voyager Labs founder and CEO Avi Korenblum. “Despite the elusive nature and overwhelming proliferation of unstructured data, we can extract precise, meaningful insights from this data to benefit our customers.” Voyager Labs’ mission is to make the ever-growing richness of publicly available data accessible and usable in a smart way. The company’s cognitive computing deep-insights platform makes it possible for enterprises across a variety of market sectors to make highly accurate decisions, based on a previously untapped vault of information.]]>

@Intel $INTC to Acquire @NervanaSys AI Startup for Over $350M

@Intel $INTC to Acquire @NervanaSys AI Startup for Over $350M

The Wall Street Journal, referring to “a buying spree fueled by one of the hottest trends in the tech sector.” In contrast, in June Intel was said to be seeking an exit strategy for Intel Security, the antivirus software maker formerly known as McAfee, which Intel acquired for nearly $7.7 billion in 2011, signaling a fundamental change in strategic focus and market trends. Photo: Intel’s Data Center EVP & GM Diane Bryant, with Nervana’s Co-Founder & CEO Naveen Rao.]]>