Feeds

Kaggle gets a gaggle of VC cash

Australian uber geek crowdsourcers hiring

Security and trust: The backbone of doing business over the internet

Australian data analytics crowdsourcing start-up Kaggle has raised $US11 million in Series A funding from a glittering array of technorati.

The financing round was led by Index Ventures and Khosla Ventures with participation from PayPal co-founder Max Levchin, Google chief economist Hal Varian and Applied Semantics’ (now Google Adsense) co-founder Gil Elbaz.

Index Ventures partner Neil Rimer will join Kaggle’s board of directors and Levchin has been named chairman of the company.

“Our vision is to grow Kaggle into a hive buzzing with enough public and private competitions to support hundreds or thousands of data scientists relying on Kaggle for their full-time incomes,” the company said on its blog.

The company will be devoting some of the dosh into talent acquisition and is actively seeking staff that “can translate geek-speak into pinstripe explanations or are maestros of modeling or can write fast robust and beautiful code.”

“Wonder what it was like to be one of the first ten employees at Google, Facebook or Apple? Kaggle is looking to hire technical sales folk, data scientists and developers,” the blog said.

Kaggle, which now has headquarters in San Fransisco, was launched last year by Australian Anthony Goldbloom using the collective brains trust of over 17,000 global data scientists across fields spanning computer science, statistics, economics and mathematics to solve big data problems via competitions. Kaggle sets up real-time leaderboards for each problem that's being solved and turns them into competitions and awards prizes accordingly.

It has partnered with NASA, Wikipedia and Deloitte for its data mining competitions which have resulted in diverse breakthroughs from NASA’s analysis of dark matter, mapping HIV trends to predicting the winners of the Eurovision Song Contest.

Goldbloom, a former statistician for the Australian government described Kaggle as addresessing a serious market failure in that companies have data that they can’t analyze it while academia is desperate for real-world data sets.

He plans to roll out 10,000 competitions per year within five years and aims for competitors to be able to earn a full-time income from participating. ®

New hybrid storage solutions

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.