Big Data AI Startup Noble.AI Raises A Second Seed Round From A Chemical Giant
Noble.AI, an SF/French AI company that claims to accelerate decision making in R&D, has raised a new round of funding from Solvay Ventures, the VC arm of a large chemical company, Solvay SA. Although the round was undisclosed, TechCrunch understands it to be a second seed round, and we know the company has closed a total of $8.6 million to date.
Solvay was previously an early customer of the platform, prior to this investment. The joint announcement was made at the Hello Tomorrow conference in Paris this week.
As a chemical company, Solvay’s research arm generates huge volumes of data from various sources, which is part of the reason for the investment, confirmed the firm. Noble.AI’s “Universal Ingestion Engine” and “Intelligent Recommendation Engine” claim to enable the creation of high-quality data assets for these kinds of big data sets that can later be turned into recommendations for decision making inside these large businesses. READ MORE ON: TECH CRUNCH