AI Startup Volley.com Receives Strategic Investment From JPMorgan Chase
July 17 2018 - 1:08PM
Business Wire
Financing to Accelerate Startup’s Platform for Synthesizing
Enterprise Knowledge
JPMorgan Chase & Co (NYSE: JPM) has made a strategic
investment in Volley (volley.com), an artificial intelligence
company that has developed a knowledge engine to generate,
synthesize, and recommend personalized content for learning and
knowledge management applications.
“Employees today face a ‘knowledge explosion’ of unprecedented
scale,” said Volley founder and CTO Carson Kahn. “Volley’s mission
to computationally synthesize the world’s knowledge represents a
giant leap toward helping the world learn faster and cheaper with
artificial intelligence.”
“Volley’s innovative technology to ingest, integrate, and target
micro-learning content automatically can fundamentally transform
the way firms like ours approach learning and knowledge
management,” said Joseph Infozino, Head of Learning Platforms at
JPMorgan Chase.
“We’ll use JPMorgan’s financing to expand our team’s unique AI
expertise, accelerate our technical capabilities, and continue
expanding delivery of Volley’s commercial platform to a variety of
other leading banks and Fortune 500 firms,” said Volley founder and
CEO Zaid Rahman.
“Volley is tackling and solving one of the most difficult and
important problems in machine learning: extracting knowledge from
unstructured information,” said Dr. Paul Walker, PhD, Volley Senior
Advisor and former Global Co-Head of Technology at Goldman Sachs.
“By extracting the ‘latent pedagogy’ from our information bases to
generate learning resources automatically, we create a more
informed and agile workforce in today’s information
enterprise.”
In financing Volley, JPMorgan is joining an investor base which
includes Zuckerberg Ventures, TAL (NYSE: TAL), and a variety of
high-profile current and former executives from Goldman Sachs,
Apple, Facebook, Udemy, and Dropbox.
ABOUT VOLLEY: Volley (volley.com) is a Silicon Valley AI
startup on a mission to synthesize the world’s enterprise
knowledge. Built by a world-class team of machine learning and
natural language processing innovators formerly of Google, the U.S.
intelligence community, Carnegie Mellon, and top Wall Street tech
divisions, Volley’s knowledge engine cuts the cost of generating,
organizing, and delivering key knowledge by up to 50% — a
giant leap in the automation and personalization of enterprise
learning and knowledge management. With customers throughout
Fortune 100 financial services, Volley has been identified as a top
AI innovator for learning in Harvard Business Review, and is a
seminal partner of the UC Santa Cruz Center for Excellence in Data
Science Research. Volley’s core team is headquartered in San
Francisco, with a satellite in Austin. Watch Volley’s 2-minute
teaser at volley.com/video, or learn more at www.volley.com.
ABOUT JPMORGAN CHASE: JPMorgan Chase & Co. (NYSE:
JPM) is a leading global financial services firm with assets of
$2.6 trillion and operations worldwide. The Firm is a leader in
investment banking, financial services for consumers and small
businesses, commercial banking, financial transaction processing,
and asset management. A component of the Dow Jones Industrial
Average, JPMorgan Chase & Co. serves millions of customers in
the United States and many of the world's most prominent corporate,
institutional and government clients under its J.P. Morgan and
Chase brands. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180717005872/en/
VOLLEY MEDIA CONTACT:Volley.com Public
Relations888-946-1776pr-team-3@volley.comorJPMORGAN CHASE MEDIA
CONTACT:Jennifer Lavoie,
212-622-7068jennifer.h.lavoie@jpmchase.com
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