The new relationship will help ColdLight to focus on expanding its business and in accelerating the research and development of its flagship Neuron platform. Intel Capital is the second company to financially back ColdLight since its inception in 2007. Further information on the deal was not provided.
According to ColdLight Founder and CEO Ryan Caplan, Neuron utilizes machine learning to find patterns in Big Data systems. ColdLight released the Neuron platform with the goal of helping companies to collate their data science and utilize the often confusing amount of data that is housed within complex systems. Neuron, Caplan said, allows IT managers to automate and simplify their Big Data integration discovery and predictive analysis to ultimately become more efficient.
“When we look to partner with investors to help accelerate our growth, it is key that they are not just acting as a source of capital,” said Caplan in a prepared statement. “Intel Capital was the perfect fit for us not only because of their storied history of backing innovation, but the fact that they share our vision of what’s possible at the crossroads of data and machine learning."