We Predict, a Swansea, UK-based data software company, received an investment of undisclosed amount.
Backers included Breed Reply and Finance Wales Group.
The company will use the funds to expand operations.
Led by James Davies, Director, We Predict works primarily with global car manufacturers and suppliers, predicting warranty failure rates and costs. By leveraging complex analytics software, the platform uses mathematical and statistical principles, supported by data techniques, to provide valuable information to save customers time and money.
The company, with offices in the US and UK, also works in the health sector, delivering predictive analytics to help commissioning decision making in the NHS.