Outlier, an Oakland, Calif.-based provider of an Automated Business Analysis (ABA) platform, received strategic financial investment from Capital One Growth Ventures.
The terms of the deal were not disclosed.
Led by Sean Byrnes, CEO and co-founder, Outlier provides an Automated Business Analysis (ABA) platform featuring dashboard visualization, data aggregation, storage and reporting as well as proactive, actionable insights based on large volumes of data.
The AI solution discovers unexpected changes and patterns in data automatically, guiding teams toward the most relevant and critical changes across the organization daily, and offering correlation and root-cause analysis.
As part of its offering, Outlier’s daily Stories provide customers with the top 4-5 questions they should be asking about their business. The Stories offer contextual information on any data behavioral change, related data and potential impact on the system, and possible causality factors.
Organizations can integrate the system with existing sources of data within minutes, allowing leaders to gather business insights quickly, identify potential opportunities and address any unexpected data behaviors.
Capital One Growth Ventures invested in the company because it recognizes a growing need to identify key changes in patterns, including customer trends, financial data or fraudulent activities. The investment will enable Outlier to expand quickly into the financial services sector.