Tech Company Financing Transactions

Petuum Funding Round

Petuum closed a $93 million Series B funding round on 10/11/2017. Investors included Advantech and SoftBank Group.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B
Proceeds Purpose
To the company's credit, it is starting by going after healthcare and fintech customers. Though in the long run, Petuum doesn't intend to cover every vertical. Petuum is working with beta testers in different industries so that in the future, outsiders can develop and deploy solutions on top of the platform.

Company Information

Company Status
Private & Independent
Artificial Intelligence
Mailing Address
2555 Smallman St. 120
Pittsburgh, PA 15222
Email Address
Petuum endeavors to provide an Omni-source, Omni-lingual, and Omni-mount platform that serves the full spectrum of Artificial Intelligence and Machine Learning applications. We empower organizations to create AI/ML solutions that are correct, fast, scalable, and consume minimal computing resources.
Petuum LinkedIn Company Profile
Social Media
Petuum Company Twitter Account
Company News
Petuum News
Petuum on Facebook
Petuum on YouTube

Management Team

Email & Social
Chief Executive Officer
Eric Xing
  Eric Xing LinkedIn Profile  Eric Xing Twitter Account  Eric Xing News  Eric Xing on Facebook
Chief Technical Officer
Qirong Ho
  Qirong Ho LinkedIn Profile  Qirong Ho Twitter Account  Qirong Ho News  Qirong Ho on Facebook
VP - Operations
Daniel Kuehl
  Daniel Kuehl LinkedIn Profile  Daniel Kuehl Twitter Account  Daniel Kuehl News  Daniel Kuehl on Facebook
VP - Product Management
Ying Wang
  Ying Wang LinkedIn Profile  Ying Wang Twitter Account  Ying Wang News  Ying Wang on Facebook



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Prev: 10/11/2017: Vestmark venture capital transaction
Next: 10/11/2017: Tujia venture capital transaction


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Where The Data Comes From

We do our best to record funding rounds that are announced publicly. VC transactions reported here are sourced from news reports and company announcements. The information is sourced from, an affiliated venture.


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