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Seismic 170m 3b 440mwiggersventurebeat – Over the last several years, the industry’s downturn has spurred the development of more efficient ways to interpret both new and old seismic data. Allowing operators to continue to explore and discover with reduced staff.
The availability of cloud technology, super-computing resources and the application of machine learning techniques. Such as the use of neural networks in artificial intelligence, are transforming the ability to interpret seismic data and create evergreen Earth models. Supporting the undeniable adage that necessity, indeed, is the mother of invention.
Needing a better investment return, operators have looked to service companies. To streamline the lofty task of interpreting large volumes of seismic data. In response, Landmark, a division of Halliburton, developed a way for geoscientists, drilling. And reservoir engineers to share geological, geophysical and engineering information in one accessible space called DecisionSpace.
Seismic 170m 3b 440mwiggersventurebeat
Sales enablement — that is, resources that help teams close deals more effectively — is a market amid healthy and sustained growth, it’s safe to say. According to CSO Insights, the percentage of organizations with a dedicated sales enablement person, program, or function nearly doubled between 2016 and 2018. And in September, Forrester Research reported that 54 percent of companies have or are implementing a sales enablement technology, with an additional 19 percent planning to do so or considering doing so in the next 12 to 18 months.
Doug Winter is riding the wave with Seismic, the San Diego startup he helped to found in 2010. It’s experienced 97 percent revenue growth every year for the past five years, and last quarter booked $15 million in new business — a company record. (Winter expects that figure to eclipse $100 million by year’s end.) Now, with more than 500 customers, including heavy hitters like Capital One, Quest Diagnostics, PayPal, Hitachi Vantara, American Express, Glassdoor, Illumina, and Qualtrics, Seismic claims to be the world’s largest sales enablement provider.
Seismic raises $92 million to automate sales
Seismic 170m 3b 440mwiggersventurebeat – Building on that momentum, the company today announced that it had raised $100 million in a series E funding round led by Lightspeed Venture Partners, with participation from T. Rowe Price and existing investors General Atlantic, JMI Equity, and Jackson Square Ventures. It follows on the heels of $40 million series C and $20 million series B rounds in 2016 and 2015, respectively, and brings Seismic’s total venture capital haul to $179 million.
As part of the raise, Microsoft chairman and Lightspeed venture partner John W. Thompson will join Seismic’s board of directors. He gets with him a wealth of experience at companies like IBM and Virtual Instruments, Winter noted, not to mention Symantec. Where he served as CEO for over a decade and oversaw revenue growth from $600 million to $6 billion.
Who Is Kyle wiggers?
Kyle Wiggers is a senior correspondent at TechCrunch focused on artificial intelligence. VentureBeat, Digital Trends, and several tech sites, such as Android Police, Android Authority, Droid-Life, and XDA-Developers, have all published his writing. He resides in Brooklyn with his piano teacher partner and occasionally tries his hand at the instrument himself, primarily to little avail.
The words “artificial intelligence” (AI) have been used to describe the workings of computers for decades. But the precise meaning has shifted with time. Today, AI describes efforts to teach computers to imitate a human’s ability to solve problems and also, make connections based on insight, understanding and intuition.
Artificial intelligence usually encompasses the growing body of work in technology on the cutting edge that aims to train the technology to accurately imitate or — in some cases — exceed the capabilities of humans.
Older algorithms, when they grow commonplace, tend to be pushed out of the tent. It is a common feature embedded in phones, cars and appliances and isn’t described with the term as often. For instance, transcribing human voices into words was once an active area of research for scientists exploring artificial intelligence.
Sharon Goldman VentureBeat
Sharon Goldman is a senior writer/editor for VentureBeat and covers artificial intelligence for the enterprise.
Some of the articles by Sharon Goldman.
- The ‘race starts today’ in search as Microsoft reveals new OpenAI-powered Bing, ‘copilot for the web.’
At a special event held today at the Microsoft offices in Redmond, Washington, CEO Satya Nadella declared that the “race” in search “starts now.” He continued, “We’re going to move quickly,” as the business unveiled a revamped version of the Bing search engine, the Edge web browser, and conversation driven by generative AI and OpenAI’s ChatGPT.
Today’s limited preview of the updated Bing for desktop computers is accessible. However, according to Microsoft, a mobile version will release in a few weeks. According to Yusuf Mehdi, corporate vice president and consumer chief marketing officer at Microsoft, using the new Bing will be free. But advertisements will be present immediately.
Who owns VentureBeat
VentureBeat is an online technology news platform engage in technology publication and events business.
It delivers news, analysis, and events to provide context to help executives. Entrepreneurs, and tech enthusiasts make decisions while covering technology trends ranging from social to mobile, small businesses to enterprises, health tech, cloud, games, and more.
It is also known for providing news and perspective in various categories:
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However, Launched in 2006, VentureBeat is led by founder and CEO Matt. Marshall Editor-in-Chief Dylan Tweney, and a team of experienced journalists. It is headquartered in San Francisco, C.A.