DecisionNext, a San Francisco, CA-based provider of a SaaS dynamic commodity market forecasting and prescriptive analytics platform, raised $7m in Series A funding.
The round was led by Dalus Capital.
The company intends to use the funds to expand its sales and data science teams as well as R&D and engineering.
Led by Mike Neal, Co-Founder and CEO, DecisionNext enables meat, food, and agriculture companies to create dynamic views of commodity markets, then translate those views into actions the business user can take to monetize the forecast.
Powered by proprietary machine learning algorithms, it allows market experts to bring together human and machine intelligence to improve market visibility and forecast accuracy through transparent, interactive software. By quantifying risk, decision-makers can effectively make decisions across purchasing, pricing, and sales functions.
The company has a commercial presence in North America, Asia Pacific, and Europe that will continue expanding.