Context Relevant, a Seattle, WA-based provider of automated predictive analytics software for Big Data 2.0 applications, raised $21m in Series B funding.
The round, which brought the total amount raised by the company to $28m in total, was led by Formation 8 with participation from existing investors Madrona Venture Group, Bloomberg Beta, Vulcan Capital, Seattle-area angels, a large bank and a large insurance company.
Led by Stephen Purpura, CEO, Context Relevant delivers predictive analytics apps based on models that can predict changes in operations, customers, product pricing and what IT systems are about to do.
Clients include Wall Street’s largest financial institutions, as well as leading insurance providers. The company also joined forces with Good Harbor Risk Management to help large enterprises protect their data and prevent security breaches.
The company, which is now involved in the process of expanding into adjacent markets, is hiring new people (read here).
FinSMEs
20/05/2014
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