Arlington, VA, United States
Arlington, VA, United States

In-Q-Tel of Arlington, Virginia, United States is a not-for-profit venture capital firm that invests in high-tech companies for the sole purpose of keeping the Central Intelligence Agency, and other intelligence agencies, equipped with the latest in information technology in support of United States intelligence capability. Wikipedia.


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Results of data analysis and application development will be presented at the AQC 2017 conference in June PALO ALTO, CA--(Marketwired - May 12, 2017) -  D-Wave Systems Inc., the leader in quantum computing systems and software, and Recruit Communications Co., Ltd. of Japan today announced a collaboration to apply quantum computing to marketing, advertising, and communications optimization. Together with D-Wave, Recruit Communications is now working on research and system development for the practical utilization of quantum computers in a set of marketing and web applications. Recruit Communications is responsible for marketing and communications for the Recruit Group, from customer acquisition solutions to Web marketing and media creation and promotion. An important area of focus for Recruit Communications is the research and development of marketing technology, such as optimizing the distribution of advertising to maximize marketing effectiveness. "Our joint effort with Recruit Communications is the latest example of a project using D-Wave's quantum computer to find a new approach to an important real-world application," said Robert "Bo" Ewald, president of D-Wave International. "Recruit Communications brings deep expertise in marketing and communications to this effort and we look forward to seeing positive results from this innovative work." Recruit Communications' work includes developing a theory and implementing a program for a method of quantum annealing data analysis. According to Recruit Communications, "By studying the application of this method to real data, we are making progress in the further optimization of marketing and communications." Recruit Communications is currently working on multiple research projects, including research to optimize the efficiency of matching advertisements to customers in the web advertising field, and research aimed at improving the accuracy of machine learning methods as typified by recommendation systems. The results of this research will be published at AQC2017 (http://www.smapip.is.tohoku.ac.jp/~aqc2017/), to be held in Tokyo over four days from June 26th to June 29th. About D-Wave Systems Inc. D-Wave is the leader in the development and delivery of quantum computing systems and software, and the world's only commercial supplier of quantum computers. Our mission is to unlock the power of quantum computing for the world. We believe that quantum computing will enable solutions to the most challenging national defense, scientific, technical, and commercial problems. D-Wave's systems are being used by some of the world's most advanced organizations, including Lockheed Martin, Google, NASA Ames, USRA, USC, and Los Alamos National Laboratory. With headquarters near Vancouver, Canada, D-Wave's U.S. operations are based in Palo Alto, CA and Hanover, MD. D-Wave has a blue-chip investor base including Goldman Sachs, Bezos Expeditions, DFJ, In-Q-Tel, BDC Capital, Growthworks, 180 Degree Capital Corp., International Investment and Underwriting, and Kensington Partners Limited. For more information, visit: www.dwavesys.com. About Recruit Communications Co., Ltd. Recruit Communications provides a wide range of solutions for all business categories covered by the Recruit Group including HR, housing, bridal, higher education, and lifestyle information. For our clients, we provide IT-based web marketing services as well as communication and product production services that help these businesses attract customers. For products and services offered by the Recruit Group, we provide solutions that expand contact with our users through advertising and distribution. Additionally, our CS services help build stronger relationships with users, providing thorough and complete support for marketing communication activities that connect clients with users. We are made up of a group of professionals from a wide variety of specialties including planners, creators, marketers, and engineers. Our aim is to deliver the information and services offered by the Recruit Group to more users while also creating many new chances to "Opportunities for Life." As communication specialists, we are committed to further growth.


News Article | May 16, 2017
Site: globenewswire.com

The Center for Innovative Technology (CIT) has been recognized by the Washington, D.C. Chapter of the Association for Corporate Growth (ACG National Capital) with the ‘Regional Impact Award’, for the CIT GAP Funds team’s 2016 contributions to the economic development of the Greater Washington region. Each year, ACG National Capital brings together hundreds of the region’s leading corporate executives and dealmakers to celebrate a carefully vetted group of growth professionals and companies at their black tie gala. Award winners include members of the greater Washington, D.C. metro area’s business community that have exhibited excellence in corporate growth and dealmaking over the past year. The ‘Regional Impact Award’ is given to a company or organization that has made a significant impact by driving economic development in 2016 based on factors such as job creation, enhancement of the quality of life, environmental impact, industry impact, and market impact. This year’s winner, the CIT GAP Funds, is a family of seed and early-stage venture funds that invests in Virginia based start-ups at the earliest stage of investment. The team provides capital, mentorship and support for the next generation of technology start-ups and helps guide them through a successful seed investment round. The GAP Funds leverages public and private sector resources to spur the innovation economy, creating new, high-growth companies and sustainable job growth throughout the Commonwealth. “I am incredibly proud of the hard work and dedication that our GAP Funds team has displayed over the course of 2016,” said Ed Albrigo, CIT President and Chief Executive Officer.  “Each one of our GAP team members embody CIT’s core values and have become model employees for their commitment to our mission. I am thrilled to be working with them each and every day.” “Our team is honored to receive the ACG ‘Regional Impact Award’ for our contributions towards the development of Virginia’s entrepreneurial ecosystem,” said Tom Weithman, CIT GAP Funds Managing Director. “Since starting CIT GAP Funds, we have placed investments in more than 170 of Virginia’s most promising early stage companies, enabling attraction of over one-half billion dollars of private capital – largely from out-of-state funding sources – into our portfolio companies. We are grateful to the Commonwealth of Virginia for entrusting us with the immense responsibility of fostering this next generation of technology entrepreneurs and startups.” “ACG National Capital Corporate Growth Award winners represent the very best in middle-market business management and innovation,” said Shooter Starr, Client Advisor at Brown Advisory and the chair of the 2017 Corporate Growth Awards Committee. “The companies and business leaders selected for these prestigious awards are chosen specifically for their accomplishment and creativity in growing their businesses and in driving corporate growth.” Tom and the GAP Funds team accepted the award at the ACG National Capital Annual Awards Ceremony on May 11th, 2017 at the Ritz-Carlton in Tysons Corner, Virginia. In addition to being honored for the ‘Regional Impact Award’, CIT was a finalist for the “Private Equity/Venture Deal Team of the Year” award along with Blu Venture Investors and Arlington Capital Partners. About the Center for Innovative Technology, www.cit.org Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship. CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. CIT’s CAGE Code is 1UP71. To learn more, please visit www.cit.org.  Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook. CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital firms such as: New Enterprise Associates, Grotech Ventures, Valhalla Partners, Harbert Venture Partners HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Health Systems, Johnson & Johnson, General Electric, and Alpha Natural Resources. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/433b3e22-681f-4430-81d0-2766c78fdea0


Replaces Legacy Desktop Virtualization with Cloud-Native Application Delivery Platform for Enterprises and Service Providers SAN MATEO, CA--(Marketwired - May 17, 2017) - Frame, the secure cloud workspace platform, announced today that it has closed a $16 million funding round from Bain Capital Ventures, Microsoft Ventures and In-Q-Tel, with participation from previous investor CNTP. The company will use the investment to accelerate the market shift from legacy on-premises desktop virtualization to the secure and scalable Frame cloud platform. Frame delivers virtual applications and desktops to any device, anywhere, using hyperscale cloud services like Microsoft Azure and Amazon Web Services. It helps organizations increase security, improve mobility, lower their capex and reduce management costs. Frame's unique extensibility allows customers to create purpose-built cloud workspaces and connect them easily with other cloud services, like identity and storage. End users retain the rich, full-featured experience of desktop applications on all devices, including PCs, Macs and Chromebooks. Current users include Adobe, Autodesk, HP, Siemens and a number of public sector organizations. "Frame is the new technology leader in the multi-billion-dollar desktop virtualization industry," said Salil Deshpande, managing director at Bain Capital Ventures. "Unlike prior-generation VDI, Frame is programmable and extensible, has rewritten the technology stack from the ground up on modern protocols and standards, has been battle-tested by many developers, ISVs, IT organizations and government agencies and is commercially viable today." "Cloud-based application delivery is orders of magnitude faster and simpler to deploy than traditional VDI," said Patrick Moorhead, founder of Moor Insights & Strategy, a leading research and analyst firm. "With gigabit-class cellular networks soon available to all mobile devices, enterprises can reimagine the computing model by offering ubiquitous access to applications from any device." "Frame delivers unparalleled business value to enterprises worldwide, giving millions of applications the most direct path to run from the cloud to a diverse set of browser-equipped endpoints," said Nagraj Kashyap, corporate vice president at Microsoft Ventures. "We look forward to supporting Frame in their growth as they transform the end-user computing industry." "Frame takes virtual desktops to the next level by delivering a solution that operates completely within a web browser at performance levels we have not seen before," said George Hoyem, managing partner, Investments at In-Q-Tel. "The ability to reduce security risks with zero-footprint virtual desktop clients, while simplifying management of desktop software, is attractive to our government partners." The rise of Software-as-a-Service demonstrated benefits of device-independent, browser-based application distribution. Frame now provides the same benefits and ease of use to any enterprise, instantly modernizing IT operations in industries with sophisticated workflows and no SaaS alternatives, such as manufacturing, AEC/EPC and digital content creation. "Until now, desktop virtualization was a powerful idea that rarely delivered a great user experience. It was too slow, complicated and inflexible," said Nikola Bozinovic, founder and CEO of Frame. "Frame is the first solution that truly delivers on the promise of desktop virtualization in the cloud. We built it from day one to take full advantage of the cloud, so it's faster, simpler and more scalable than anything that came before it." As part of the investment, Salil Deshpande, managing director from Bain Capital Ventures, joins the Frame board of directors. Frame's cloud-based virtual workspaces make it easy to run Windows applications from any device, at any time. Built from scratch for the cloud age, Frame's unlimited computing power ensures even the most complex visual applications run as smoothly as they do on the desktop, and much more securely. Frame is used by enterprises, service providers and software vendors, such as Adobe, Autodesk, HP, Siemens and SolidWorks. Frame has delivered millions of hours of production service to users in 206 countries around the world. The company is backed by Bain Capital Ventures, Microsoft Ventures, In-Q-Tel and CNTP, raising a total of $32 million since 2013. Frame is headquartered in San Mateo, CA. To start with Frame today, visit www.fra.me or follow Frame on Twitter at @frame.


News Article | May 16, 2017
Site: www.prweb.com

Ombud today announced a strategic partnership agreement with In-Q-Tel, Inc. (IQT) to further accelerate Ombud's decision-making platform. IQT is the non-profit strategic investor that identifies and accelerates the development and delivery of cutting-edge technologies to support the missions of the U.S. Intelligence Community. The partnership will introduce Ombud to the U.S. Intelligence Community and empower expert decisions in information gathering. Ombud's decision management platform is a cloud-based system that combines knowledge collaboration, enterprise content management, and deep learning to empower organizational execution. With Ombud's intelligent knowledge workflow, people can easily collaborate and transfer knowledge to make better decisions with the most complete information available. “Deep learning and artificial intelligence (AI) are reshaping how businesses are run. Ombud is unique in applying these powerful technologies to decision management and knowledge collaboration. We’re excited to work with Ombud to enable IQT’s government partners to be more efficient and responsive in their workflows,” said Eugene Chiu, Investments Partner at IQT. The Ombud platform leverages deep learning, a form of machine learning, to provide easy access to subject matter expertise and to empirical results generated in prior deliverables. In addition, the system's natural language processing capability delivers superior contextualized search results. "In today's information rich landscape, it has become a growing challenge for organizations to make the best decision while maintaining accountability with an end-to-end understanding of all pertinent data," said Thad Eby, CEO of Ombud. "IQT's investment validates Ombud's vision and innovation within the decision management space that we hope will provide the intelligence community with a differentiated solution that accelerates and optimizes information rich workflows." Ombud's decision management platform empowers collaboration for organizational planning. With Ombud's intelligent knowledge workflow, individuals easily collaborate and transfer subject matter expertise to make better decisions with the most complete information available. Industry innovators such as Nutanix, Kronos, Zendesk, SendGrid, Aria Systems, Intacct, Ping Identity, HubSpot, Acquia, Anaplan, and Cloudera use Ombud to create a competitive advantage, increase thought leadership, and grow their businesses. Ombud was established in 2011 with the express intent of helping organizations make better decisions by leveraging master data management, business intelligence, and smart data discovery. Ombud is headquartered in Denver, Colo. Learn more at http://www.ombud.com In-Q-Tel (IQT) is the non-profit strategic investor that accelerates the development and delivery of cutting-edge technologies to U.S. government agencies that keep our nation safe. IQT was established in 1999 with a distinct mission: to identify and partner with startup companies developing innovative technologies that protect and preserve our nation’s security. Visit http://www.iqt.org for more information.


News Article | May 16, 2017
Site: globenewswire.com

The Center for Innovative Technology (CIT) has been recognized by the Washington, D.C. Chapter of the Association for Corporate Growth (ACG National Capital) with the ‘Regional Impact Award’, for the CIT GAP Funds team’s 2016 contributions to the economic development of the Greater Washington region. Each year, ACG National Capital brings together hundreds of the region’s leading corporate executives and dealmakers to celebrate a carefully vetted group of growth professionals and companies at their black tie gala. Award winners include members of the greater Washington, D.C. metro area’s business community that have exhibited excellence in corporate growth and dealmaking over the past year. The ‘Regional Impact Award’ is given to a company or organization that has made a significant impact by driving economic development in 2016 based on factors such as job creation, enhancement of the quality of life, environmental impact, industry impact, and market impact. This year’s winner, the CIT GAP Funds, is a family of seed and early-stage venture funds that invests in Virginia based start-ups at the earliest stage of investment. The team provides capital, mentorship and support for the next generation of technology start-ups and helps guide them through a successful seed investment round. The GAP Funds leverages public and private sector resources to spur the innovation economy, creating new, high-growth companies and sustainable job growth throughout the Commonwealth. “I am incredibly proud of the hard work and dedication that our GAP Funds team has displayed over the course of 2016,” said Ed Albrigo, CIT President and Chief Executive Officer.  “Each one of our GAP team members embody CIT’s core values and have become model employees for their commitment to our mission. I am thrilled to be working with them each and every day.” “Our team is honored to receive the ACG ‘Regional Impact Award’ for our contributions towards the development of Virginia’s entrepreneurial ecosystem,” said Tom Weithman, CIT GAP Funds Managing Director. “Since starting CIT GAP Funds, we have placed investments in more than 170 of Virginia’s most promising early stage companies, enabling attraction of over one-half billion dollars of private capital – largely from out-of-state funding sources – into our portfolio companies. We are grateful to the Commonwealth of Virginia for entrusting us with the immense responsibility of fostering this next generation of technology entrepreneurs and startups.” “ACG National Capital Corporate Growth Award winners represent the very best in middle-market business management and innovation,” said Shooter Starr, Client Advisor at Brown Advisory and the chair of the 2017 Corporate Growth Awards Committee. “The companies and business leaders selected for these prestigious awards are chosen specifically for their accomplishment and creativity in growing their businesses and in driving corporate growth.” Tom and the GAP Funds team accepted the award at the ACG National Capital Annual Awards Ceremony on May 11th, 2017 at the Ritz-Carlton in Tysons Corner, Virginia. In addition to being honored for the ‘Regional Impact Award’, CIT was a finalist for the “Private Equity/Venture Deal Team of the Year” award along with Blu Venture Investors and Arlington Capital Partners. About the Center for Innovative Technology, www.cit.org Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship. CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. CIT’s CAGE Code is 1UP71. To learn more, please visit www.cit.org.  Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook. CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital firms such as: New Enterprise Associates, Grotech Ventures, Valhalla Partners, Harbert Venture Partners HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Health Systems, Johnson & Johnson, General Electric, and Alpha Natural Resources. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/433b3e22-681f-4430-81d0-2766c78fdea0


News Article | May 16, 2017
Site: globenewswire.com

The Center for Innovative Technology (CIT) has been recognized by the Washington, D.C. Chapter of the Association for Corporate Growth (ACG National Capital) with the ‘Regional Impact Award’, for the CIT GAP Funds team’s 2016 contributions to the economic development of the Greater Washington region. Each year, ACG National Capital brings together hundreds of the region’s leading corporate executives and dealmakers to celebrate a carefully vetted group of growth professionals and companies at their black tie gala. Award winners include members of the greater Washington, D.C. metro area’s business community that have exhibited excellence in corporate growth and dealmaking over the past year. The ‘Regional Impact Award’ is given to a company or organization that has made a significant impact by driving economic development in 2016 based on factors such as job creation, enhancement of the quality of life, environmental impact, industry impact, and market impact. This year’s winner, the CIT GAP Funds, is a family of seed and early-stage venture funds that invests in Virginia based start-ups at the earliest stage of investment. The team provides capital, mentorship and support for the next generation of technology start-ups and helps guide them through a successful seed investment round. The GAP Funds leverages public and private sector resources to spur the innovation economy, creating new, high-growth companies and sustainable job growth throughout the Commonwealth. “I am incredibly proud of the hard work and dedication that our GAP Funds team has displayed over the course of 2016,” said Ed Albrigo, CIT President and Chief Executive Officer.  “Each one of our GAP team members embody CIT’s core values and have become model employees for their commitment to our mission. I am thrilled to be working with them each and every day.” “Our team is honored to receive the ACG ‘Regional Impact Award’ for our contributions towards the development of Virginia’s entrepreneurial ecosystem,” said Tom Weithman, CIT GAP Funds Managing Director. “Since starting CIT GAP Funds, we have placed investments in more than 170 of Virginia’s most promising early stage companies, enabling attraction of over one-half billion dollars of private capital – largely from out-of-state funding sources – into our portfolio companies. We are grateful to the Commonwealth of Virginia for entrusting us with the immense responsibility of fostering this next generation of technology entrepreneurs and startups.” “ACG National Capital Corporate Growth Award winners represent the very best in middle-market business management and innovation,” said Shooter Starr, Client Advisor at Brown Advisory and the chair of the 2017 Corporate Growth Awards Committee. “The companies and business leaders selected for these prestigious awards are chosen specifically for their accomplishment and creativity in growing their businesses and in driving corporate growth.” Tom and the GAP Funds team accepted the award at the ACG National Capital Annual Awards Ceremony on May 11th, 2017 at the Ritz-Carlton in Tysons Corner, Virginia. In addition to being honored for the ‘Regional Impact Award’, CIT was a finalist for the “Private Equity/Venture Deal Team of the Year” award along with Blu Venture Investors and Arlington Capital Partners. About the Center for Innovative Technology, www.cit.org Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship. CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. CIT’s CAGE Code is 1UP71. To learn more, please visit www.cit.org.  Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook. CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital firms such as: New Enterprise Associates, Grotech Ventures, Valhalla Partners, Harbert Venture Partners HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Health Systems, Johnson & Johnson, General Electric, and Alpha Natural Resources. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/433b3e22-681f-4430-81d0-2766c78fdea0


Applications for intensive one-year program open now through July 24 BURNABY, BC--(Marketwired - May 23, 2017) - Today D-Wave Systems Inc., the leader in quantum computing systems and software, announced a new initiative with the Creative Destruction Lab (CDL) at the University of Toronto's Rotman School of Management. D-Wave will work with CDL, as a CDL Partner, to create a new track to foster startups focused on quantum machine learning. The new track will complement CDL's successful existing track in machine learning. Applicants selected for the intensive one-year program will go through an introductory boot camp led by Dr. Peter Wittek, author of Quantum Machine Learning: What Quantum Computing means to Data Mining, with instruction and technical support from D-Wave experts, access to a D-Wave 2000Q™ quantum computer, and the opportunity to use a D-Wave sampling service to enable machine learning computations and applications. D-Wave staff will be a part of the committee selecting up to 40 individuals for the program, which begins in September 2017. "Helping to build an ecosystem of quantum AI and machine learning startups who develop applications speaks directly to D-Wave's vision: bringing quantum computing out of the research lab and into the real world," said Vern Brownell, CEO of D-Wave. "The convergence of quantum computing and machine learning will drive significant value to businesses and the world. We're proud to join with CDL and use their proven approach to facilitate the creation of early-stage companies who share that vision, and to help them use D-Wave's technology to jumpstart their businesses." "We are thrilled to have D-Wave as a CDL partner and for our companies to have access not only to their quantum computing and sampling technologies, but also to their world-class team of quantum machine learning experts," said Rachel Harris, Director of CDL. "Access to D-Wave systems will not only help strengthen learning from the theoretical and applied concepts taught in the boot camp, it will also create an environment of experimentation and exploration of new approaches, and technologies, which lies at the very core of what we do at the Lab." Applications for the training program will be accepted in three rounds with dates set for May 29, June 26, and July 24. International applicants are encouraged to apply as early as possible. The program will be provided free to successful candidates, who will also be offered equity financing upon meeting specific launch criteria. D-Wave will provide a specified level of access to its quantum system and sampling service to each participant chosen by CDL. Each startup that fully leverages the D-Wave platform may procure additional access from D-Wave in exchange for equity or cash. More information is available at www.creativedestructionlab.com/quantum or via email at quantum@creativedestructionlab.com. About D-Wave Systems Inc. D-Wave is the leader in the development and delivery of quantum computing systems and software, and the world's only commercial supplier of quantum computers. Our mission is to unlock the power of quantum computing for the world. We believe that quantum computing will enable solutions to the most challenging national defense, scientific, technical, and commercial problems. D-Wave's systems are being used by some of the world's most advanced organizations, including Lockheed Martin, Google, NASA Ames, USRA, USC, and Los Alamos National Laboratory. With headquarters near Vancouver, Canada, D-Wave's U.S. operations are based in Palo Alto, CA and Hanover, MD. D-Wave has a blue-chip investor base including Goldman Sachs, Bezos Expeditions, DFJ, In-Q-Tel, BDC Capital, Growthworks, 180 Degree Capital Corp., International Investment and Underwriting, and Kensington Partners Limited. For more information, visit: www.dwavesys.com. About the Creative Destruction Lab The Creative Destruction Lab is a seed-stage program for massively scalable, science based ventures. It was launched in 2012 and employs a unique, objectives-focused coaching process to help founders commercialize advances in science and technology. Graduates include Thalmic Labs (Waterloo), Atomwise (San Francisco), Deep Genomics (Toronto), Nymi (Toronto), Automat (Montreal), Kyndi (Palo Alto), and Heuritech (Paris). For more information, visit: www.creativedestructionlab.com.


SAN JOSE, Calif.--(BUSINESS WIRE)--Continuum Analytics, H2O.ai, and MapD Technologies have announced the formation of the GPU Open Analytics Initiative (GOAI) to create common data frameworks enabling developers and statistical researchers to accelerate data science on GPUs. GOAI will foster the development of a data science ecosystem on GPUs by allowing resident applications to interchange data seamlessly and efficiently. BlazingDB, Graphistry and Gunrock from UC Davis led by CUDA Fellow John Owens have joined the founding members to contribute their technical expertise. The formation of the Initiative comes at a time when analytics and machine learning workloads are increasingly being migrated to GPUs. However, while individually powerful, these workloads have not been able to benefit from the power of end-to-end GPU computing. A common standard will enable intercommunication between the different data applications and speed up the entire workflow, removing latency and decreasing the complexity of data flows between core analytical applications. At the GPU Technology Conference (GTC), NVIDIA’s annual GPU developers’ conference, the Initiative announced its first project: an open source GPU Data Frame with a corresponding Python API. The GPU Data Frame is a common API that enables efficient interchange of data between processes running on the GPU. End-to-end computation on the GPU avoids transfers back to the CPU or copying of in-memory data reducing compute time and cost for high-performance analytics common in artificial intelligence workloads. Users of the MapD Core database can output the results of a SQL query into the GPU Data Frame, which then can be manipulated by the Continuum Analytics’ Anaconda NumPy-like Python API or used as input into the H2O suite of machine learning algorithms without additional data manipulation. In early internal tests, this approach exhibited order-of-magnitude improvements in processing times compared to passing the data between applications on a CPU. “ The data science and analytics communities are rapidly adopting GPU computing for machine learning and deep learning. However, CPU-based systems still handle tasks like subsetting and preprocessing training data, which creates a significant bottleneck,” said Todd Mostak, CEO and co-founder of MapD Technologies. “ The GPU Data Frame makes it easy to run everything from ingestion to preprocessing to training and visualization directly on the GPU. This efficient data interchange will improve performance, encouraging development of ever more sophisticated GPU-based applications.” “ GPU Data Frame relies on the Anaconda platform as the foundational fabric that brings data science technologies together to take full advantage of GPU performance gains,” said Travis Oliphant, co-founder and chief data scientist of Continuum Analytics. “ Using NVIDIA’s technology, Anaconda is mobilizing the Open Data Science movement by helping teams avoid the data transfer process between CPUs and GPUs and move nimbly toward their larger business goals. The key to producing this kind of innovation are great partners like H2O and MapD.” “ Truly diverse open source ecosystems are essential for adoption - we are excited to start GOAI for GPUs alongside leaders in data and analytics pipeline to help standardize data formats,” said Sri Ambati, CEO and co-founder of H2O.ai. “ GOAI is a call for the community of data developers and researchers to join the movement to speed up analytics and GPU adoption in the enterprise.” The GPU Open Analytics Initiative is actively welcoming participants who are committed to open source and to GPUs as a computing platform. Details of the GPU Data Frame can be found at the Initiative’s Github link - https://github.com/gpuopenanalytics In conjunction with this announcement, MapD Technologies has announced the immediate open sourcing of the MapD Core database to foster open analytics on GPUs. Anaconda and H2O already have large open source communities, which can benefit from this project immediately and drive further development to accelerate the adoption of data science and analytics on GPUs. Anaconda is the leading Open Data Science platform powered by Python, the fastest growing data science language with more than 13 million downloads and 4 million unique users to date. Continuum Analytics is the creator and driving force behind Anaconda, empowering leading businesses across industries worldwide with solutions to identify patterns in data, uncover key insights and transform data into a goldmine of intelligence to solve the world’s most challenging problems. Learn more at continuum.io. H2O.ai is focused on bringing AI to businesses through software. Its flagship product is H2O, the leading open source platform that makes it easy for financial services, insurance and healthcare companies to deploy AI and deep learning to solve complex problems. More than 9,000 organizations and 80,000+ data scientists depend on H2O for critical applications like predictive maintenance and operational intelligence. The company -- which was recently named to the CB Insights AI 100 -- is used by 169 Fortune 500 enterprises, including 8 of the world’s 10 largest banks, 7 of the 10 largest insurance companies and 4 of the top 10 healthcare companies. Notable customers include Capital One, Progressive Insurance, Transamerica, Comcast, Nielsen Catalina Solutions, Macy's, Walgreens and Kaiser Permanente. MapD Technologies is a next-generation analytics software company. Its technology harnesses the massive parallelism of modern graphics processing units (GPUs) to power lightning-fast SQL queries and visualization of large data sets. The MapD analytics platform includes the MapD Core database and MapD Immerse visualization client. These software products provide analysts and data scientists with the fastest time to insight, performance not possible with traditional CPU-based solutions. MapD software runs on-premise and on all leading cloud providers. Founded in 2013, MapD Technologies originated from research at the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL). MapD is funded by GV, In-Q-Tel, New Enterprise Associates (NEA), NVIDIA, Vanedge Capital and Verizon Ventures. The company is headquartered in San Francisco. Visit MapD at www.mapd.com or follow MapD on Twitter @mapd. For more information or to evaluate MapD, contact sales@mapd.com. Press inquiries, please contact press@mapd.com.

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