Infer Inc., a Palo Alto, California-based provider of data-powered business applications, closed a $10m Series A funding.
The round was led by Redpoint Ventures, with participation from Andreessen Horowitz, Social+Capital Partnership, Sutter Hill Ventures, and other angel investors. In conjunction with the funding, Satish Dharmaraj of Redpoint Ventures will join the company’s board of directors.
The company intends to use the capital to grow its team of engineers and scientists, as well as to increase adoption of its solution.
Founded in 2010 and led by CEO Vik Singh, Yang Zhang, and Chung Wu, Infer provides data-powered business applications that help businesses predict and act on their highest potential customers. The company’s solutions mine the historical customer won/lost records sitting in companies’ sales and marketing databases and build statistical models that identify customers with the highest propensity to buy. This approach leverages advanced information retrieval and machine learning algorithms to model customer data, along with company financials, social media presence, job listings, legal filings and other external information.
Infer’s solutions are used by companies including Box, Jive Software, Tableau, Yammer and Zendesk.
Company’s blog: blog.infer.com.