New funding to further innovation of company's high-performance cloud computing and ML development platform NEW YORK, October 16, 2018-- Paperspace, a cloud AI company, today announced it has closed a $13 million Series A financing round led by new investors Battery Ventures, SineWave Ventures, Intel Capital and Sorenson Ventures as well as existing investor Initialized Capital. This new round brings Paperspace's total funding to $19 million. "Artificial intelligence—especially deep-learning platforms—are poised to transform virtually every industry, but infrastructure bottlenecks are threatening the pace of adoption by developers and data analysts alike," said Dharmesh Thakker, a general partner with Battery Ventures.