Feeds

Kaggle gets a gaggle of VC cash

Australian uber geek crowdsourcers hiring

Bridging the IT gap between rising business demands and ageing tools

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. ®

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.