04 November 2013


Boston Business Journal: Analytics firm RapidMiner moves HQ to Boston, raises $5M

RapidMiner, a Germany-founded company offering predictive analytics applications, announced Monday it has moved its headquarters to the Boston area and raised a $5 million Series A round.

The funding was led led by Earlybird Venture Capital and Open Ocean Capital, which is backed by the founders of MySQL, and is the first outside capital raised by the company.

RapidMiner said it settled on Boston as its new headquarters because the area is “a hub of advanced analytics activity.” The company is initially working out of the Cambridge Innovation Center, and is now looking for permanent space around the Boston area, a spokesperson said. The firm will maintain an R&D office in Dortmund, Germany.

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