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November 3, 2011 10:59 am GMT

Index And Khosla Lead $11M Round In Kaggle, A Platform For Data Modeling Competitions

kaggleKaggle, a platform for predictive data modeling competitions, has raised $11 million in Series A financing led by Index Ventures and Khosla Ventures. SV Angel, Yuri Milners Start Fund, Stanford Management Company, which invests and manages Stanford University's endowment and other financial assets, PayPal Founder Max Levchin; Google Chief Economist Hal Varian; and Applied Semantics Co-Founder and Factual Chief Executive Officer Gil Elbaz, all participated in the round as well. Neil Rimer, partner at Index Ventures, will join Kaggles board of directors, and Levchin has been named chairman of the company.Kaggles platform for predictive modeling competitions helps companies, governments, and researchers identify solutions to some of the world's hardest data problems by posting them as competitions to a community of more than 17,000 PhD-level data scientists located around the world.

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