Prevedere is an intelligent forecasting software company that provides strategic insights by analyzing economic trends through its ERIN Predictive AI Platform. The company offers a suite of ERIN products including ERIN Discover, ERIN Predict, ERIN Scenario, and recently launched ERIN Protect for AI-based performance monitoring and alerting. ERIN Predict systematically creates, simulates, and refines thousands of predictive models, while ERIN Discover identifies leading drivers and indicators and ERIN Scenario generates optimistic, pessimistic, and baseline forecasts. Prevedere increased its millions of data series to include high-frequency data sets on the current pandemic to improve model inputs. Many leading consumer packaged goods, retail, logistics, and manufacturing companies use Prevedere to generate economic intelligence, spot opportunities, and mitigate risks. The company will use the $25M strategic financing to accelerate market adoption and enhance the ERIN platform. Prevedere offers a cloud predictive analytics platform that uses artificial intelligence and smart data discovery to produce real-time predictive models of future sales, revenue, costs and other KPIs. The software targets enterprises in manufacturing, consumer goods, retail, construction, insurance and financial services. Customers use its models to inform budgeting, production, marketing, pricing, staffing and other decisions to improve their bottom lines. The company is led by founder and CEO Rich Wagner and is based in Columbus, OH and Sunnyvale, CA. Prevedere has raised external capital previously, including a $6.7M Series A. It intends to use the new funding to accelerate market adoption of its solutions. Prevedére provides patent-pending Economic Intelligence™ software that leverages external economic performance drivers to improve forecast accuracy and help companies make better decisions on inventory and working capital. The software integrates within companies’ existing enterprise financial planning and analysis (FP&A) systems to provide fact-based answers to the “why” and “when” of an enterprise’s performance. Its customer base spans all industries as well as private equity and financial investment firms. Use cases include enabling chief financial officers to address price adjustments, performance fluctuations and market forecasts. The company intends to use new funding to accelerate go-to-market strategies and product development. Prevedére was founded in 2012 by Rich Wagner and is based in Columbus, Ohio.

Total raised

$42M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2022