Petuum, Revolutionary AI/ML Development Platform, Closes $15 Million in Series A Funding Led by Advantech Capital, with Tencent, Northern Light Venture Capital and Oriza Ventures

Funding Rounds

Summary

Now the company has launched what it hopes can be another growth engine: An “experiences” business where travelers can book tours and activities led by local experts. At an event today in Los Angeles, Airbnb CEO Brian Chesky unveiled the company’s new “Trips” product, which has been under development for several years, recently in private beta testing. [ Recode ] A plaque hangs on the wall at Niantic Labs San Francisco office that reads "Adventures on Foot." And over the last half of 2016, thats exactly what the company brought to millions of gamers all over the globe with the launch of its augmented reality game--Pokémon Go.To bring in Bulbasaur, chase Charmander, and round up Rattata, fans have downloaded the game more than 500 million times and walked roughly 2.8 billion miles, according to company data. In the food environment, the company has already started developing direct-to-consumer applications and online portals proposing menus, nutritional information, card recharging, waiting times and pre-ordering features.

$ Funding

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Amount $15.0M Total raised
Date November 18, 2016 Announcement date
Investors Oriza Ventures, Jinhuitong Investment, Miller Investment Management Lead investors
Company - Funded company

Classifications

industries
No industries detected
applications
Web and Content Management

AskAI Classifications

Labels
SaaS Cloud Computing Enterprise Software

Linked Companies

Tencent
$1B+
Petuum
$1M to $5M