About Algorithmia
Algorithmia is a company based in Seattle (United States) founded in 2012 was acquired by DataRobot in July 2021.. Algorithmia has raised $38.83 million across 6 funding rounds from investors including DataRobot, Norwest Venture Partners and Madrona. Algorithmia offers products and services including AI Platform, Enterprise AI Suite, Agentic AI Apps, Generative AI, and Predictive AI. Algorithmia operates in a competitive market with competitors including Yurts, Predibase, Relevance AI and VectorShift, among others.
- Headquarter Seattle, United States
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Datarobot, Inc
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Products & Services of Algorithmia
Algorithmia offers a comprehensive portfolio of products and services, including AI Platform, Enterprise AI Suite, Agentic AI Apps, Generative AI, and Predictive AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for building and deploying AI models at scale.
Suite for governing and observing AI applications securely.
Apps that integrate AI into core business processes.
Tools for creating and managing generative AI solutions.
Solutions for predictive modeling and forecasting.
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Data Analysis and Operations Team
28 people
Product Management Team
20 people
Sales and Marketing
15 people
Leadership Team
13 people
Software Development Team
11 people
Human Resources and Administration
10 people
Finance and Accounting
6 people
Senior Team
5 people
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Funding Insights of Algorithmia
Algorithmia has successfully raised a total of $38.83M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $25.0M
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First Round
First Round
(23 Jul 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2019 | Amount | Series B - Algorithmia | Valuation | Norwest Venture Partners | |
| Oct, 2018 | Amount | Series A - Algorithmia | Valuation | Microsoft Accelerator |
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| Jun, 2017 | Amount | Series A - Algorithmia | Valuation | Madrona Venture Group , Work-Bench |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Algorithmia
Algorithmia has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include DataRobot, Norwest Venture Partners and Madrona. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Venture capital arm of Alphabet Inc. investing in AI
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algorithmia
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Algorithmia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algorithmia Comparisons
Competitors of Algorithmia
Algorithmia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yurts, Predibase, Relevance AI and VectorShift, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Developer of AI-based multiple task management platforms
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Provider of a low-code and cloud-based AI application development platform
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AI-powered image data analytics platform
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No-code platform for building and deploying custom generative AI workflows
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algorithmia
Frequently Asked Questions about Algorithmia
When was Algorithmia founded?
Algorithmia was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Algorithmia located?
Algorithmia is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Algorithmia a funded company?
Algorithmia is a funded company, having raised a total of $38.83M across 6 funding rounds to date. The company's 1st funding round was a Series A of $11.15M, raised on Jul 23, 2014.
What does Algorithmia do?
Algorithmia is a market place for Machine Learning algorithms. Most of these algorithms listed in algorithmia help developers integrate Natural Language Processing, Image Classification, Face Detection into their applications. Algorithmia also hosts some of these algorithms on their platform. The pricing is determined in Algorithmia credits. The number of credits charged depends on the number of API calls cost per call the mount of compute time. Each user on the market place begins with 10,000 credits on the platform and can access any of the algorithms listed on the site.
Who are the top competitors of Algorithmia?
Algorithmia's top competitors include Predibase, Yurts and Relevance AI.
What products or services does Algorithmia offer?
Algorithmia offers AI Platform, Enterprise AI Suite, Agentic AI Apps, Generative AI, and Predictive AI.
Who are Algorithmia's investors?
Algorithmia has 13 investors. Key investors include DataRobot, Norwest Venture Partners, Madrona, Gradient Ventures, and Work-Bench.
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