Anodot, a Sunnyvale, California and Ra’anana, Israel-based provider of real-time analytics and automated anomaly detection solutions, secured $3m in Series A funding.
Disrupt-ive Partners led the round.
The company will use the funds to accelerate its product roadmap and expand its sales activity, focusing on the ad tech, e-commerce, IoT and manufacturing industries in the U.S. and EMEA.
Founded in June 2014 and led by CEO David Drai, Anodot provides technology for real-time analytics and automated anomaly detection for big data. Using patented machine learning algorithms, the company’s platform automates the discovery of outliers in vast amounts of data, isolates issues and correlates them across multiple parameters. Operating in real time, Anodot delivers business insights immediately, predicts events before they happen and supports business decisions for Web-based, e-commerce, ad tech, IoT and manufacturing businesses.
The solution is already being used in production by dozens of organizations, including Avantis and Wix.