24 May 2017

News

RapidMiner Announces Record Revenue for Q1 2017

BOSTON, Mass., May 24, 2017RapidMiner™, the company that delivers real data science, fast and simple, today announced record revenue and new customer acquisition in its Q1 2017. Additional milestones in the company’s first quarter include being recognized as a leader by two industry analyst firms and releasing two updates to its flagship data science platform.

“RapidMiner had an excellent quarter, driven by accelerated adoption inside global enterprises,” said Peter Lee, chief executive officer at RapidMiner. “The growth of machine learning and artificial intelligence in the enterprise creates a tremendous opportunity for RapidMiner. Our unique approach lets data science teams work faster to deliver more transformational business impact, freeing organizations from the complexity and cost of legacy data science approaches.”

New customers signed by RapidMiner in Q1 2017 span a variety of industries including manufacturing, financial services, telecom, and government organizations. New customers signed in its Q1 include:

Product Highlights

RapidMiner released two updates to its flagship data science platform in Q1. New product enhancements include:

Company News

“RapidMiner’s unified data science platform lets us address a broad spectrum of use cases across customer, operational, and risk analytics,” said Patrick Pang, Head of Solution Consulting at Jardine OneSolution (HK) Limited.  “Through our partnership with RapidMiner, we bring our customers the very best of both established and emerging technologies that power growth and support performance of business and governments.”

About RapidMiner

RapidMiner builds software for real data science, fast and simple. We make data science teams more productive through a lightning fast platform that unifies data prep, machine learning, and model deployment. More than 200,000 users in over 150 countries use RapidMiner products to drive revenue, reduce costs, and avoid risks.

Related Resources