Khosla Ventures and Floodgate are backing Ayasdi, which was founded in 2008 by Gurjeet Singh, Harlan Sexton and Stanford mathematics professor Gunnar Carlsson while researching ways to commercialize Carlsson’s work with scientific data investigation. In 2010, the company received $1.25 million in seed funding to build prototypes of its technology, used with private clients that include US intelligence agency Iarpa, Second Genome, and Darpa to investigate areas such as drug discovery, cancer therapy, fraud prediction and terrorist attack prevention. This latest round of financing officially launches the company into the commercial realm.