RapidMiner, Inc., a Cambridge, MA-based provider of scalable predictive analytic operations, closed a $5m Series A funding.
The round was led by Earlybird Venture Capital and Open Ocean Capital.
The company intends to use the funds to expand domestic and international sales and marketing operations and develop additional products.
Led by Ingo Mierswa, co-founder and CEO, RapidMiner provides a predictive analytics platform including operational dashboards, metrics and performance reports for a wide variety of industries.
The technology is in use by over 400 paying customers, including EADS, GfK, Lufthansa, PayPal, Pepsi, Sanofi, Siemens, Telenor, and Volkswagen.
FinSMEs
04/11/2013