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    Startup AI Provider Sentient Banks $103M in VC

    By
    Chris Preimesberger
    -
    December 1, 2014
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      In the looser-than-loose venture capital environment we’re currently experiencing, an upstart company with an idea and big plans has found the right connections and hit the jackpot.

      San Francisco-based Sentient Technologies (pronounced “sen-shent”), which proclaimed that it wants to build the largest, most powerful artificial intelligence network in the world, revealed Dec. 1 that it has raised $103.5 million in Series C funding that brings total investment in the startup to more than $143 million.

      Sentient provides what it calls “massively scaled” artificial intelligence within networks. It routinely runs multiple distributed AI jobs on millions of AI processing nodes, producing actionable results validated on large and complex data sets, the company said.

      Utilizing evolutionary computation and deep learning—designed to continuously evolve and improve—Sentient aims to create the world’s most powerful business intelligence system to enable researchers, innovators and companies to solve high-value problems.

      Sentient’s distributed artificial intelligence has patented capabilities that address the distributed, varied, asynchronous nature of data and its continuous influx and growth in order to understand it and make accurate decisions, the company said.

      Sentient, not being overly specific, said it will use the funds to further expand the development and reach of its distributed artificial intelligence products and services.

      Access Industries led the round with Tata Communications Ltd. of Hong Kong, existing investors Horizons Ventures, and a group of private investors in the fields of finance, consumer, food and beverage, and real estate, all participating.

      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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