#AI Solutions Innovator Kyndi Closes $8.5 Million Series B Funding Round
Existing Investors Increase Funding in Silicon Valley-based Artificial Intelligence Company Helping Organizations to Act Faster, Smarter and More Decisively
PALO ALTO, Calif. - August 8, 2017 (Investorideas.com Newswire) Kyndi, which builds artificial intelligence (AI) products and solutions that help organizations to anticipate and act on opportunities and threats, today announced the closing of its Series B fundraising round. The major venture investors taking part in the $8.5 million round include PivotNorth Capital, Darling Ventures and Citrix Systems. This brings Kyndi's total funding to $12 million. Kyndi has doubled in size each year since it was founded in 2014.
"I believe that Kyndi's proven technology and unique analytical model truly differentiate the company in an increasingly competitive and global AI marketplace," said Tim Connors of PivotNorth Capital. "Kyndi is leading the shift away from the backward-looking ‘predictive' analytics approach to an AI-driven model that enables business and governmental customers to create critical knowledge faster by anticipating future intentions, opportunities and threats."
Kyndi's patented AI technology helps organizations analyze massive amounts of unstructured data to anticipate what could occur in the future – even if it never happened before. What really sets Kyndi apart is that its AI solutions can analyze small datasets and identify very weak "signals" in data to understand seemingly "unknowable" intentions. Kyndi gives customers a strong competitive edge by allowing them to create vital knowledge faster, and then act decisively to capitalize on untapped opportunities and mitigate threats.
"Organizations of all types and sizes are struggling to analyze and leverage the growing volumes of data they've already collected. Kyndi helps customers to effectively look around corners by anticipating intentions and creating actionable knowledge. Kyndi's transformative approach is helping to make the power and promise of AI and machine learning a practical reality today," said Andy Cohen, VP, Strategic Development and Investments, Citrix.
Kyndi's proven artificial intelligence (AI) products and solutions give organizations an edge in a fiercely competitive world. Our natural language understanding technology helps business and governmental customers anticipate future intentions, opportunities and threats. This allows them to create fully auditable knowledge faster and then act decisively on it to compete and win. With Kyndi's AI-based platform, customers achieve strong ROI by dramatically amplifying productivity so they can generate the critical answers and intelligence they need to succeed. Based in Silicon Valley, Kyndi is backed by leading venture investors. For more information, visit www.kyndi.com.
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