JPMorgan backs AI enterprise learning startup Volley
Global investment banking company JPMorgan Chase has invested in Volley, a Silicon Valley-based firm that utilises artificial intelligence to create customised training programs for enterprise employees.
Having been built by machine learning and AI experts that have come from a range of leading technology organisations including Google, Volley provides significantly automated and personalised enterprise learning initiatives, cutting the costs of training by up to 50%.
“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,” said Volley Founder and CTO Carson Kahn.
The investment and expertise from JPMorgan will allow Volley to expand its own knowledge, accelerating the startup’s capabilities and expansion, largely targeting Fortune 500 firms.
“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.”
JPMorgan will now join Volley’s group of existing investors that already includes a range of high profile current and former executives from the likes of Goldman Sachs, Apple, Facebook and Dropbox.