The Rainmaker Group, founded in 1998, builds profit and price-optimization technology grounded in data. The company has historically served hotels such as The Wynn in Las Vegas and has begun extending into the apartment market by forecasting supply and demand. It has developed tools for tracking movement of apartment inventory and cites examples such as troop-ship movements in San Diego that affect inventory and demand. Rainmaker positions itself as a data-as-a-service (DaaS) leveraging what it calls “perishable data” and is exploring forecasting applications for self-service storage and commercial office space. The company is profitable, has 83 employees, and plans to grow to about 100 employees by year-end and roughly 115 by the same time next year. It competes with large predictive-analytics providers like SAS and IBM and with peripheral providers such as Tibco in a crowded analytics market. The Rainmaker Group is an Atlanta, GA-based SaaS provider of revenue management and profit optimization solutions for multifamily housing, gaming properties and hospitality companies. Its core product is revenue management software used to optimize pricing and revenue across those verticals. The company provides software to more than 100 gaming properties worldwide and is contracted for use with more than one million multifamily housing units across the United States. Notable customers include Archstone, AvalonBay Communities, Equity Residential, MGM Resorts International, Caesars Entertainment and Wynn Las Vegas. Led by CEO Bruce Barfield, Rainmaker intends to use the new financing to accelerate its growth. In September 2011 the company received a $9M debt financing from Silicon Valley Bank.

Total raised

$43M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2012