NCSU professor’s artificial intelligence startup raises $2M – including Valley money

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InsightFinder, an artificial intelligence firm launched by Dr. Helen Gu, a computer science professor at N.C. State, is pushing ahead with plans for more growth after securing another $2 million in venture funding from a crowd of West Coast investors.

The company also has added a chief revenue offier – John Whittington, a cofounder of Triangle-based BlueStripe Software which was sold to Microsoft.

Backers include Fellows Fund, Silicon Valley Future Capital, Eastlink Capital, and numerous executives at Facebook, Uber, Amazon and Airbnb, according to the company.

Another investor, although not identified, is described as “the founder of a $100B+ software company.”

Dr. Helen Gu (NCSU photo)

Previous backers in an earlier round from the Triangle included Idea Fund Partners.

InsightFinder provides innovative unsupervised machine learning technology to predict potential incidents and prevent service outages.  With full-stack visibility across an entire IT system, InsightFinder allows IT leaders to pinpoint root causes, predict incidents, and prevent costly outages.

The proprietary, patent-protected platform also diagnoses the root cause of each system issue, and provides automated self-healing capabilities to minimize the impact of service outages. InsightFinder’s AIOps platform can be delivered as a cloud service or as on-premise deployment.

“InsightFinder’s groundbreaking approach was vetted by the experts in the field, and the Fellows’ network and connections are poised to foster the company’s success,” said Alex Ren, Fellows.Fund Managing Director, in the announcement made Monday.

Dr. Gu is an acknowledged thought leader in machine learning and has worked with numerous tech firms such as Dell, Credit Suisse and China Mobile.

Original Source: WRAL TechWire