In multiple developments in Australia, Google has acquired data science platform Kaggle while crowdfunding platform Equitise has launched a new platform enabling co-investments. Also, CIM Enviro has raised a Series A round.
Google acquires Kaggle
Kaggle is led by chief executive Anthony Goldbloom, who founded the company in 2009 and relocated to Silicon Valley to run it.
TechCrunch initially reported on rumours of an acquisition following a $100,000 competition jointly hosted by Google and Kaggle.
In an official statement on the Google Cloud platform blog, Fei-Fei Li, Chief Scientist, Google Cloud AI and Machine Learning San Francisco, commented: “Today, I’m excited to announce that Kaggle will be joining Google Cloud. Founded in 2010, Kaggle is home to the world’s largest community of data scientists and machine learning enthusiasts. More than 800,000 data experts use Kaggle to explore, analyze and understand the latest updates in machine learning and data analytics.”
Kaggle and Google Cloud will continue to support machine learning training and deployment services, while offering the community the ability to store and query large datasets.
Equitise launches new platform to enable co-investment in startups
Crowdfunding platform Equitise is launching a new platform, Syndicate, catering to sophisticated investors in Australia. This new offering will permit co-investment in new tech ventures and startups alongside high profile venture capital (VC) firms and angel investors.
According to Equitise co-founder Chris Gilbert, this new offering will enable investors new to the VC space to back companies that have been vetted. To date, it has already enlisted around 30 venture capitalists and angel investors, including Reinventure and Tank Stream Ventures.
By the end of 2017, Gilbert hopes to host about 50 Syndicate campaigns, with VCs, family offices and angel investors able to create their own investment syndicate and process their own deal flow. In February 2016 it closed an investment from Investec,
CIM Enviro raises A$3m Series A
CMT invests in startups and emerging growth venture investments in private financial or health technology companies in Australia and overseas. It maintains a small investment fund of A$15 million and targets investments of A$1 million to A$5 million, with a focus on developing financial technologies, or technologies related to this field.
Launched about four years ago, CIM Enviro combines the industrial Internet of Things (IoT) technology with big data analytics to make large building sites more energy efficient.
The latest investment will see it aim to expand into the large office and hospitality sector.