SAIC Motor takes a strategic stake in BigML
Today, we are happy to share BigML has secured a strategic investment from SAIC Capital, the corporate venture of SAIC Motor Corporation Limited (SAIC Motor) – the $110B company that leads the automotive design and manufacturing industry in China. As part of the investment, Tao Wang, Director of Investment, is joining BigML’s board of directors.
This is an important milestone in BigML’s journey that started back in 2011 in Corvallis, Oregon, the home of Oregon State University (OSU). Since our inception, we have been making Machine Learning easy and beautiful for everyone by steadily advancing our platform. BigML now reaches over 40,000 analysts, developers and scientists that are discovering the hidden insights in their data and building intelligent applications in 120 countries around the world.
SAIC Motor’s investment in BigML further proves that leading global enterprises see Machine Learning as a key enabler of their future competitive performance. The future belongs to the predictive businesses with operations that are increasingly run by automated processes that are powered by Machine Learning. It is now clearer than ever that this is not a matter of choice, but an imperative across a broad swath of industries.
In 2016 SAIC Motor sold 6.4 million vehicles leading the Chinese market continuously. SAIC Motor is a Fortune Global 500 company as its ranking had been rising to 46th place in 2015. It marked the 12th time that the company had made it onto the list of the world’s largest companies. Today, SAIC Motor has also set its sights on the automotive future that is being evolving through electrification, autonomous driving, and intelligence human interface, big data analytics capabilities more and more defined by Machine Learning.
About SAIC Motor
SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China’s A-share market (Stock Code: 600104), SAIC Motor’s business covers the research, production and vehicle sales of both passenger cars and commercial vehicles. It also covers components including engines, gearboxes, powertrains, chassis, interior and exterior and miscellaneous electronic components, and logistics, vehicle telematics, second-hand vehicle transactions and auto finance services. Major vehicle companies under the SAIC Motor umbrella include SAIC GM, SAIC VW, SAIC Motor Passenger Vehicle Company, SAIC Motor Commercial Vehicle Company, SAIC-GM Wuling Automobile Co and others. SAIC Motor’s North America business includes a division based in Michigan providing logistics and supply chain services, an investment division in Menlo Park, CA, and an advanced technology research and development center based in San Jose, CA.