Trufa, a Palo Alto, CA and Heidelberg, Germany-based developer of predictive analytics applications, raised $4.5m in Series A funding.
The round was led by Accel Partners. In conjunction with the funding enterprise software veterans Bruce Golden, Partner at Accel Partners, Paul Wahl and Alex Ott are joining Trufa’s board.
The company intends to use the funds for further product development and expansion into new markets.
Led by Ralph Treitz, CEO, Trufa leverages in-memory database technology to develop predictive analytics applications which enable enterprises to analyze in real time vast amounts of operational data, identify opportunities for operational improvements and understand their impact on financial performance.
It allows enterprises to understand root/cause relationships between their operational and financial metrics in granular detail, to prioritize operational initiatives based on their financial impact, and to measure the initiatives’ progress.
Trufa is an SAP HANA Startup.