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This year’s award goes to US-based technology company IBM, which is spending $1bn to build a new division around its Watson supercomputer, and has established a $100m venture fund to back outside application developers to tap into the supercomputer. Watson is humanising big data and striving to analyse worldwide data, 80% of which is unstructured, to offer educated advice or suggestions in the areas of retail, travel and healthcare, at least to start.

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To read the original article: Fundraising of the Year: IBM Venture Capital - Watson Fund · Articles · Global Corporate Venturing