GraphLab Recommendations Startup Gets Funding From Madrona, NEA
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GraphLab Inc., which helps retailers and Web-applications developers analyze data to provide customer recommendations, received $6.75 million in a funding round led by Madrona Venture Group LLC and New Enterprise Associates.
GraphLab’s so-called machine-learning systems extract and analyze users’ interactions on social networks, the things they buy and songs they listen to, Chief Executive Officer Carlos Guestrin said. In the health-care industry, for example, the data can be used to track which drugs are most effective for different types of people, he said.