The amount of the transaction was not disclosed.
The company intends to use the funds to accelerate expansion of its domestic and international operations.
Founded in 2007 by Ryan Caplan, CEO, and also led by Eric Smith, Chief Financial and Operating Officer, ColdLight provides a platform (Neuron™) that allows businesses of all sizes to translate massive amounts of disparate data into actionable intelligence to make better decisions. Neuron, which can be deployed as a SaaS cloud service, is an automated learning engine that learns from massive amounts of data, discovers patterns and then delivers mathematically validated recommendations directly to the business teams that can take action.
Its technology is used across a diverse range of business verticals including media, healthcare, financial services, personal data management, customer retention and retail.
*Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. a $24 billion alternative investment firm.