Monday, July 8, 2013

Predixion Software Snags $20M More For Predictive Analytics

San Juan Capistrano-based Predixion Software, the predictive analytics software firm headed by Simon Arkell, has raised $20M in a Series C financing, the company said this morning. The new funding came from Accenture and GE Ventures, two strategic investors in the company, along with new investor Frost Venture Partners. Prior investors DFJ Frontier, EMC, Miramar Venture Partners and Palomar Ventures also participated.

According to Predixion, the strategic investment round also includes a deal with Accenture, where the companies will jointly develop a range of advanced analytics solutions for their clients.

Predixion said the funding will go towards accelerating product development, and to scale it sales and marketing. The company has now raised around $33M in funding.

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