RapidMiner Secures $16 Million Investment
RapidMiner, the #1 open source predictive analytics platform, closed a $16M equity financing round. New investor, NGP, led the round with participation from existing investors Ascent Venture Partners, Earlybird Venture Capital, Longworth Venture Partners, and Open Ocean Capital. Upal Basu of NGP will join the Board of Directors. This new capital infusion will fuel the growing demand for RapidMiner's predictive analytics platform.