AI-As-A-Service Platform Node Raises $6 Million

By Noah Long • Apr 11, 2020
  • Node has announced it raised $6 million in funding to help companies deploy artificial intelligence

Node has announced it raised $6 million in funding to help companies deploy artificial intelligence even if they have limited machine learning expertise, according to VentureBeat. This round of funding was led by Mark Cuban with participation from Artco, NewView Capital, Canaan Partners, Gingerbread Capital, and former Yahoo CFO Ken Goldman.

Using Node, companies gain a competitive advantage with advanced prediction capabilities for market intelligence and resource planning, customer and talent retention, increased customer acquisition, and contact center AI automation. Plus Node also helps users interpret the predictions it generates so companies can take the actions needed to help transform their businesses.

Node is able to be used as a standalone platform or with third-party applications like Salesforce, Marketo, Zendesk, and Workday.

As the first and only horizontal prediction platform-as-a-service available on the market, Node utilizes its patented deep learning technology called “Artificial Intuition.” With its simple REST API, Node enables anyone to jump straight to the benefits of applying AI to business applications without needing data science expertise or solving big data challenges. Ever since the company unveiled Artificial Intuition in July 2019, usage of the Node platform has increased over 4x.

Key Quotes:

“As big as the impact that PCs had, as big as the internet was, AI is just going to dwarf all of that. And if you don’t adopt AI, you’re going to fall behind. Particularly if you run a business. Node has built ‘AI for the rest of us’ and is delivering self-service predictions to the market of over 100M companies and fortune 2000 that don’t have the expertise, data or available resources required to implement AI with the existing infrastructure-as-a-service and autoML tools that exist across cloud offerings.”

-Mark Cuban

“Node has done for AI what Twilio did for telecom. Just like Twilio enabled rapid software development on telecommunications infrastructure by bringing it up the stack to platform-as-a-service, Node is doing this for AI by enabling any developer to move right to the benefits of all that data and infrastructure that otherwise takes millions of dollars and years to develop. Companies no longer have to first solve their big data problem, or employ data scientists on staff.”

-Rich Levandov at Avalon Ventures.

“Node’s AI-as-a-service platform has the potential to be a gamechanger for large enterprises. The Node Platform enables industry-specific solutions and products that allow organizations to easily incorporate AI with existing resources and ensure business processes dynamically adjust to deliver on the outcomes they are meant for.”

-Amy Burr, Managing Director Operations and Partnerships at JetBlue Technology Ventures