High-performance technical computing and data science company, Julia Computing, has raised seed funding of $4.6M from investors General Catalyst and a consortium of Founders. The General Catalyst team was led by Donald Fischer. He was an early product manager for Red Hat Enterprise Linux, and the Founder Collective team was led by David Frankel.
Founded in 2015 by former UIDAI executive Viral Shah, Jeff Bezanson, Stefan Karpinski, Keno Fischer, Deepak Vinchhi, and MIT applied mathematics professor, Alan Edelman, Julia is a modern high-performance open source computing language for data, analytics, algorithmic trading, machine learning and artificial
On the investment, Julia Computing CEO, Viral Shah said:
We selected General Catalyst and Founder Collective as our initial investors because of their success backing entrepreneurs with business models based on open source software. This investment helps us accelerate product development and continue delivering outstanding support to our customers, while the entire Julia community benefits from Julia Computing’s contributions to the Julia open source programming language
Julia delivers some major improvements in simplicity, speed, capacity, and productivity to solve massive computational problems quickly and accurately, making it the preferred language for big data and analytics.
Julia Programming Language was developed with the main of developing products that make Julia easy to use, easy to deploy and easy to scale. It combines the functionality of quantitative environments such as R and Python with the speed of production programming languages like Java and C++ to solve big data and analytics problems.
The company claims to have more than 1 million downloads and +161% annual growth. Also, the programming language Julia is claimed to be one of the top 10 programming languages developed on GitHub and adoption is growing rapidly in finance, insurance, energy, robotics, genomics, aerospace and many other fields.
At present, the company is operational in and has offices in Bengaluru, New York, Boston, London and San Francisco. With received funds, the company plans to accelerate their product development.