Predixion Software, a Aliso Viejo, CA-based developer of cloud-based predictive analytics (PA) software, raised its Series D funding round.
The amount of the investment was not disclosed.
The round was led by Software AG with participation from GE Software Ventures and other unnamed existing financial and strategic investors.
The company intends to use the funds to expand its advanced analytics for IoT use cases in manufacturing, energy & utilities, transportation, healthcare and retail sectors.
Led by Simon Arkell, CEO, Predixion provides a cloud-based platform, Predixion Insight™, which leverages a patent-pending Machine Learning Semantic Model (MLSM) to allow customers to access real-time, predictive analytics at the decision point. The company’s solution enables analytics to be embedded into a variety of production environments including existing applications, databases, real-time streaming engines and directly on to connected or disconnected devices. It has several application in the Industrial Internet, Connected Vehicles, Connected Patients, Smart Buildings, etc.