04 November 2013


TechCrunch: German Predictive Analytics Startup Rapid-I Rebrands As RapidMiner, Takes $5M From Open Ocean, Earlybird To Tackle The U.S. Market

Rapid-I — a German specialist in analytics tools that wants to become the industry standard for how enterprises predict the future — is today announcing its first round of funding, a rebrand to RapidMiner, and a new HQ in Boston to jump with two feet into growing its business in North America. The Series A of $5 million — the first money ever raised by RapidMiner — is led by Earlybird Venture Capital and Open Ocean, the investment firm backed by the founders of MySQL. To gear up for its next stage of growth, RapidMiner is also adding Yahoo’s former chief data officer, Usama Fayyad, to its board, and is starting to hire in the U.S.

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