16 August 2017


RapidMiner Announces Record Revenue for Q2 2017

BOSTON, Mass., August 16, 2017RapidMiner™, the company that delivers real data science, fast and simple, today announced another quarter of record revenue and new customer acquisition. Within the quarter, RapidMiner signed or expanded relationships with over 10% of the companies currently on the 2017 Fortune 100 Global List, and nearly 40% of Fortune 500 are active users of RapidMiner.

“High value business use cases need data science and machine learning. Organizations looking for customer analytics, operational analytics, and risk analytics are coming to RapidMiner in record numbers,” said Peter Lee, chief executive officer at RapidMiner. “As a result, we are seeing accelerated momentum in every part of our business.”

New customers signed by RapidMiner in its Q2 2017 are using RapidMiner for a variety of data science and machine learning initiatives, including predictive maintenance, customer segmentation, fraud detection, process engineering, demand forecasting, and text analytics. Among the new customers:

ezCater, the only nationwide marketplace for corporate catering, selected RapidMiner in Q2 for a predictive analytics project to better understand user behavior. “ezCater feeds business in 22 thousand cities across the U.S.,” said Jeff Dwyer, software engineering manager at ezCater. “We are always looking for better ways to understand our users so that we can serve them better. RapidMiner lets me deliver sophisticated predictive analytics using data science and machine learning that is far more advanced than I’d expected we’d be able to achieve. At the same the visual workflow designer gives me a clear, simple solution that I can easily share with the team and other analysts.”

In addition to strong new customer acquisition, RapidMiner saw a number of existing customers increase adoption during the quarter, including a global restaurant leader who expanded their usage of RapidMiner to deploy predictive offer optimization models to thousands of its franchises.

Product Highlights

RapidMiner 7.5 was released in Q2 with the following new capabilities:

RapidMiner released a number of new extensions into the RapidMiner community.

Company News

RapidMiner announced the Industrial Data Science Conference being held at the TU Dortmund University on September 5th, 2017. The Industrial Data Science Conference gathers experts from various industries to discuss use cases and best practices on data science and machine learning. Confirmed speakers include TU Dortmund University, Lufthansa Industry Solutions, Achenbach Buschhütten, BMW, Miele, Daimler, Volkswagen, ABB, Arcelor Mittal, and Deutsche Edelstahlwerke.

Other company news includes:

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 predictive model deployment. More than 250,000 users in over 150 countries use RapidMiner products to drive revenue, reduce costs, and avoid risks.

For more information, visit rapidminer.com.

Media Contacts:

Tom Wentworth, RapidMiner
+1 (617) 401-7708


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