Tech Company Financing Transactions

Algorithmia Funding Round

Madrona Venture Group, Deep Fork Capital and private investors participated in a $2.4 million Seed capital raise for Algorithmia. The funding round closed on 8/19/2014.

Transaction Overview

Company Name
Announced On
8/19/2014
Transaction Type
Venture Equity
Amount
$2,400,000
Round
Seed
Investors

Madrona Venture Group (Lead Investor)

Deep Fork Capital

private investors (Charles Fitzgerald)

private investors (Oren Etzioni)

Rakuten

Proceeds Purpose
The company plans to use that capital to hire engineers to build out its algorithm library and to add more cloud platforms to its infrastructure.

Company Information

Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
1925 Post Alley
Seattle, WA 98101
USA
Phone
Undisclosed
Email Address
Overview
Algorithmia makes applications smarter, by building a community around algorithm development, where state of the art algorithms are always live and accessible to anyone.
Profile
Algorithmia LinkedIn Company Profile
Social Media
Algorithmia Company Twitter Account
Company News
Algorithmia News
Facebook
Algorithmia on Facebook
YouTube
Algorithmia on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Diego Oppenheimer
  Diego Oppenheimer LinkedIn Profile  Diego Oppenheimer Twitter Account  Diego Oppenheimer News  Diego Oppenheimer on Facebook
Chief Technical Officer
Kenny Daniel
  Kenny Daniel LinkedIn Profile  Kenny Daniel Twitter Account  Kenny Daniel News  Kenny Daniel on Facebook


 

 

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Prev: 8/19/2014: Vestaron venture capital transaction
Next: 8/19/2014: FINsix venture capital transaction

 

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We report on all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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