Teren, a machine learning software company formerly known as SolSpec, recently raised $4M in a funding round led by Allos Ventures. The injection of new capital will allow the company to expand hiring and “address the fast-growing remote-sensing market”. The company states that demand for its products initially came from the oil and gas industry. However, Teren now looks to create solutions to help the insurance, solar, environmental and transportation industries address climate risks.
Machine learning firm Teren gets $4M in seed funding