Predixion Software develops a cloud-based predictive analytics platform, Predixion Insight, that uses a patent-pending Machine Learning Semantic Model (MLSM) to deliver real-time predictive analytics at the decision point. The platform is designed to embed analytics into production environments including existing applications, databases, real-time streaming engines and connected or disconnected devices. Its solutions target Industrial Internet and IoT use cases such as connected vehicles, connected patients, smart buildings and sectors including manufacturing, energy & utilities, transportation, healthcare and retail. Led by CEO Simon Arkell and based in Aliso Viejo, California, the company plans to use its recent funding to expand advanced analytics for IoT use cases across those industries. Predixion raised a Series D round whose amount was not disclosed; the round was led by Software AG with participation from GE Software Ventures and other existing financial and strategic investors. The article did not report revenue or user metrics. Predixion Software is a San Juan Capistrano, CA-based developer of collaborative predictive analytics solutions that integrate with leading business intelligence platforms, business applications, and workflows. Led by CEO and co-founder Simon Arkell, the company serves nearly 200 customers across 53 countries in industries including healthcare, life sciences, financial services, marketing, government, manufacturing, and ecommerce. Predixion's platform enables customers to unlock insights within their data and embed advanced analytics into existing BI and application workflows. The company intends to use the new funds to accelerate product development and scale its sales and marketing organizations. As part of the financing Accenture will jointly develop a range of advanced analytics solutions for its clients with Predixion. Predixion Software develops and markets collaborative predictive analytics solutions that integrate with leading BI platforms, business applications and clinical and operational healthcare systems, including Excel 2010 and SharePoint. Its product, Predixion Insight, delivers easy-to-deploy, enterprise-class predictive analytics within common user interfaces. The company reports customers in healthcare, finance, retail and other industries achieving immediate results. Predixion plans to use new funding to build additional healthcare industry solutions, expand product development, and scale its service, sales and marketing organizations to support demand. Leadership says it has successfully deployed solutions in enterprises both large and small and will pursue opportunities in preventable readmissions management and financial services. The company is headquartered in Orange County, California with development offices in Redmond, Washington and is backed by venture investors including DFJ Frontier, Miramar Venture Partners and Palomar Ventures. Predixion Software develops a self-service, cloud-based business analytics service. The company is headed by Simon Arkell and is based in Aliso Viejo. It raised $5M in a Series A financing to fund growth. In addition to the equity round, Predixion obtained a growth capital facility from Silicon Valley Bank. The company said the new funding will be used for product development, sales and marketing, and to expand its sales channel and strategic partnerships. No operating metrics were disclosed in the article. Predixion Software is an Aliso Viejo-based startup developing software for predictive and behavioral analytics and data mining. The company was operating in stealth mode at the time of the report. Its technology is based on work by co-founder Jamie MacLennan from his time at Microsoft on the SQL Server Data Mining product. Founders include Simon Arkell, Steve DeSantis, and Jamie MacLennan, and Stuart Frost (former DATAllegro CEO) holds a board seat. A regulatory filing shows the firm raised $800,000 as part of an ongoing $3.0M funding round. No further details about the financing or investors were announced.

Total raised

$32M

Funding rounds

5

Latest round

Series C

Latest activity

Jul 2013