January 21, 2016
AXA Strategic Ventures bets on machine learning with Neura
AXA Strategic Ventures announced yesterday a $11 million investment in Neura, a company that uses machine learning to revolutionize the Internet of Things.
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Neura : a customer-centric, smarter technology
Neura is a company that uses machine learning to create a digital identity map of individuals. Neura enriches apps and devices with insights about users' past and present actions, as well as calculated predictions about what they will do next.
Neura's technology, utilized for healthcare, music services, connected cars or homes, lets people get to an unprecedented level of technology personalization by computing a constantly updated portrait of user behavior patterns.
Manish Agarwal
General Partner at AXA Strategic Ventures in New York
We believe Neura's approach is disruptive and is going to change the way we use and interact with data and devices on a daily basis in the future.
$11M investment to foster Neura's technological and business potential
AXA Strategic Ventures (AXA SV) is a global €230 million venture capital fund to support promising startups and companies. A Series A round, co-led by AXA Strategic Ventures and Pitango Venture Capital and with participation from Liberty Israel Venture Fund and Lenovo Group, led to an $11M investment to enable Neura to further realize its technological and business potential.
Coinciding with the first open release of the Neura development framework, designed to let developers personalize and contextualize their products, the new capital will be used to expand Neura's business reach and make the service ubiquitous.
AXA Strategic Ventures: a key player in AXA's relationship with startups
This investment in Neura completes the recent four investments made in the second half of 2015 in the U.S.: Bee, PriceMethod, GoldBean and CoPromote offer disruptive services fostering emerging strategic innovations in insurance and financial services. These five companies join AXA SV's portfolio, which also includes investments in PolicyGenius, Limelight Health, VolunteerSpot in the U.S. and Climate Secure, Easy Proprietaires, Evercontact, Flyr, Fundshop, Widmee, Netheros, Particeep and Art2M in Europe.
