SigOpt Raises $6.6 Million in Series A Funding
The startup has a machine learning platform that uses Bayesian techniques to improve model development and research.

San Francisco-based SigOpt has secured a $6.6 million Series A round of financing.
This is the second round of fund raising for the company, which raised $2 million at the beginning of 2015 from Andreessen Horowitz and Data Collective. Those two firms are back for this round of funding, joined by SV Angel, Stanford University and Blumberg Capital.
SigOpt has a platform that uses Bayesian-led machine learning optimization that allows hedge fund quants to improve their algorithmic-trading models and helps large banks enhance their risk models. The platform can be bolted on top of existing machine learning, AI and predictive analytics pipelines. It aims to cut down on the time and costs associated with traditional A/B testing by reducing the time and resources spent on fine tuning these models through the use of Bayesian techniques.
This round of funding will help the firm to expand its capabilities and grow its team.
On Monday, WatersTechnology will publish a deeper dive into what SigOpt is working on and why it's generating interest from investors.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Trading Tools
Waters Wavelength
Wavelength Podcast Ep. 223: IBM’s Likhit Wagle on Cloud Adoption
IBM’s general manager of global banking joins to talk about challenges and opportunities surrounding public cloud adoption and containerization.
Subscribe to Weekly Wrap emails
Most read
- FactSet, Snowflake Take Aim at Financial Data Mapping Challenges
- Vendors Continue to Move Products, Services to the Cloud: Some Examples
- Covid Re-Exposed Bond Market’s Liquidity Problems—Is Change Finally Here?
- A Fireside Chat with Marion Leslie (SIX)
- S&P/IHS Markit: OPIS Faces Spin-Off; Cappitech Beefs Up Regtech Frontline