Predixion Software Raises $5M in Series A Financing
The predictive analytics company has announced a total of $5 million in financing led by DFJ Frontier.
Predixion Software is a company that develops and markets predictive analytics solutions fully integrated with Microsofts BI platform. In its news release, the company announced it has closed its Series A financing round, raising a total of $5 million led by DFJ Frontier. The company recently introduced Predixion Insight for Excel and PowerPivot, and says the company will use the funds to expand its product development activities, increase sales and marketing initiatives, and further build out its sales channel programs and strategic partnership activities.
"'The combination of Predixion Softwares veteran and highly successful management team and its disruptive low-cost, self-service in the cloud predictive analytics solution made Predixion Software highly attractive to Palomar from an investment perspective,' said Kevin Jacques, Palomar Ventures partner and Predixion board member. 'Predixion perfectly fits our investment profile of an early stage information technology company that demonstrates the potential for exceptional growth and market leadership.'"