Prevedere, a Sunnyvale, CA-based Intelligent Forecasting software company delivering strategic insights based on economic trends, raised $25m in financing.
The round was led by Norwest Venture Partners, with participation from Workday Ventures, M12, JobsOhio, Gaingels, and Latitude Ventures.
The company intends to use the funds to accelerate market adoption and enhance its ERIN Predictive AI Platform.
Led by Rich Wagner, CEO, Prevedere recently launched ERIN protect, an AI-based performance monitoring and alerting system, new product features to model inflationary and supply chain disruption scenarios and increased its millions of data series to include high-frequency data sets on the current pandemic. In addition to Protect, the ERIN suite of products include:
- ERIN Discover: Identifies the leading drivers and indicators for a specific business or market
- ERIN Predict: Systematically creates, simulates, and refines thousands of predictive models based on those indicators
- ERIN Scenario: creates ‘optimistic’ and ‘pessimistic’ predictive scenarios in addition to a baseline forecast.
Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.