Artificial intelligence vendor Sentient Technologies recently announced the finalization of $103.5M in Series C funding in a round led by Tata Communications (Hong Kong), existing investor Horizons Ventures and a group of private investors. Sentient’s technology features an artificial intelligence and machine learning platform that operates on distributed datasets to develop actionable business intelligence from disparate, asynchronous data sources. The company’s patent pending technology has thus far been used to develop analytic insights in the financial and healthcare industries. Sentient differentiates itself in the artificial intelligence space by way of its unique ability to scale to process artificial intelligence jobs on millions of nodes in parallel.
Vinod Kumar, MD and CEO of Tata Communications, the company that led the Series C round, remarked on the significance of Sentient Technologies as follows:
As an investor, we share a common vision on the transformative force that massively distributed computing and artificial intelligence can play in helping businesses get insights and solve their most complex big data problems. We see Sentient at the forefront of these technologies and bringing a disruptive approach to cloud based computing services. Furthermore, the scale of our leading global network infrastructure and data center footprint also complements Sentient’s growth plans and will enable its global deployment.
Here, Kumar positions Sentient Technologies as contributing to the “transformative force that massively distributed computing and artificial intelligence” currently plays in revolutionizing the way in which businesses manage big data analytics. Sentient delivers a “disruptive” approach to cloud-based distributed artificial intelligence that benefits from its collaboration with Tata’s global data center and network infrastructure. As such, Sentient participates in a resurgence of artificial intelligence technologies as evinced by IBM’s $100M venture fund in Watson supercomputing, Google’s acquisition of DeepMind technologies for $500M and early stage artificial intelligence startups such as Wit.ai, Idibon, Expect Labs and Prediction IO. Given that Sentient’s Series C funding represents the largest venture round funding investment in an artificial intelligence startup to date, the industry should expect more details of its technology platform and product roadmap to emerge in upcoming months. Sentient’s platform differentiates by way of its distributed artificial intelligence technology and massive ability to scale, although details of its predictive analytics and data management technology have yet to emerge. For now, however, the bottom line is that AI is hot both for investors and prospective customers that are increasingly interested in leveraging iterative machine learning technologies into business operations.