Venture Capital
Algorithmia announced Tuesday that it has raised $25 million in new funding to build out tools that make machine learning easier to implement. Norwest Venture Partners led the Series B round, which brings the total amount of money raised by the Seattle startup to $37.9 million. Rama Sekhar of Norwest will be joining Algorithmia’s board of directors, and existing investors Madrona Venture Group, Gradient Ventures, Work-Bench, Osage University Partners, and Rakuten Capital all participated in the new round, Algorithmia said in a blog post. Algorithmia, ranked No.