Julia Computing, an open-source language for high-performance technical computing and data science, has raised seed funding of $4.6M from investors General Catalyst and Founder Collective. The company plans to use the raised funding to accelerate product development.
“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,” said Julia Computing CEO Viral Shah.
Founded in 2015 by former UIDAI executive Viral Shah, Jeff Bezanson, Stefan Karpinski, and MIT applied mathematics professor, Alan Edelman, Julia is the fastest modern high performance open source computing language for data, analytics, algorithmic trading, machine learning and artificial intelligence. With more than 1 million downloads and +161% annual growth, Julia is 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.
The company has offices in Bengaluru, New York, Boston, London and San Francisco.
The General Catalyst team was led by Donald Fischer, who was an early product manager for Red Hat Enterprise Linux, and the Founder Collective team was led by David Frankel.
Earlier, the startup raised $600K from US-based Gordon and Betty Moore Foundation in November 2015.