Press Kit

For media and analyst inquires:

Payal Patel Cudia, RapidMiner
pcudia@rapidminer.com
+1 (617) 401-7708

About Us

RapidMiner, the industry’s #1 open source predictive analytics platform, is disrupting the market by empowering enterprises to include predictive analytics in any business process—closing the loop between insight and action. RapidMiner’s effortless solution makes predictive analytics lightning-fast for today’s modern analysts, radically reducing the time to unearth opportunities and risks. RapidMiner delivers game-changing expertise from the largest worldwide predictive analytics community.

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Background

RapidMiner began as “Rapid-I” in 2001 in the Artificial Intelligence Unit of the Technical University of Dortmund in Germany. Ingo Mierswa, Simon Fischer and Ralf Klinkenberg began developing a flexible and powerful data mining software environment they called YALE (Yet Another Learning Environment). The innovative, open-source product quickly became popular. By 2006, the demand was high enough that the Founders decided to form a company to support their product.  The software was rebuilt and re-released as RapidMiner, a more powerful solution that is robust and scalable, handling big data to meet the needs of large global corporations.

From that point forward, RapidMiner continued to enhance its features and popularity. The solution grew into a comprehensive data analysis platform, providing accurate predictive analytics, detailed text and database mining, and unparalleled management of big data.  By 2010, the platform had over 500,000 downloads in more than 50 countries, and its open source model continued to support platform improvement and corporate growth. By 2012, RapidMiner had tripled its global workforce, had more than 1,000 trained experts and over 10,000 downloads per month. In 2013, an infusion of capital allowed the company to expand into the U.S. with new headquarters in Boston, MA.

In June 2014, RapidMiner acquired Radoop, a Budapest, Hungary-based company. Now called RapidMiner Radoop, Radoop’s technology was added to RapidMiner’s platform and provides a rich visual interface to process in-hadoop big data analytics. RapidMiner Radoop connects to many different Hadoop clusters including: Cloudera Distribution including Apache Hadoop (CDH), the Hortonworks Data Platform (HDP), Apache Hadoop with Hive, Amazon Elastic MapReduce, MapR Hadoop and DataStax Enterprise.

In early 2015, RapidMiner reached a number of major growth milestones beginning in February with its closing of $15 million in Series B investment led by Ascent Venture Partners and Longworth Venture Partners, with renewed commitment from Series A investors, Earlybird Venture Capital and Open Ocean Capital. This brings the total investment in RapidMiner to $20 million.

RapidMiner business acceleration continues to be recognized among industry analyst influencers Gartner and Forrester Research. In February, for the second consecutive year the Company was positioned by Gartner in the Leaders Quadrant of the Magic Quadrant for Advanced Analytics Platforms – after a rigorous evaluation among 16 vendors based on their ability to execute and completeness of vision. Additionally, RapidMiner made its debut as a “Strong Performer” in April in The Forrester Wave™: Big Data Predictive Analytics Solutions, Q2 2015 report. In this shoot-out Forrester evaluated 13 vendors against 45 criteria for their predictive analytics offerings, strategy and market presence, citing RapidMiner as “a rock-solid enterprise solution with cloud capability. With a platform including more than 1,500 methods across all stages of the predictive analytics life cycle, RapidMiner has the breadth and flexibility that enterprises need to consume data and serve insights across the business.” Additionally—and for the third year running—RapidMiner scored #1 in software tools category and #2 overall in popularity in the 2015 annual software poll by KDnuggets.

In June of 2015, the Company announced former TIBCO Executive Vice President, Peter Y. Lee, to the position of President and Chief Executive Officer. Lee also joined the Board of Directors. Lee’s leadership will focus on the strategy and operations of the company. Founder and fellow Board Member Ingo Mierswa, formerly CEO, will focus on the platform’s evolution as Chief Technology Officer.

RapidMiner continues to receive some of the strongest satisfaction ratings across reputable industry surveys and to date its open source predictive analytics platform boasts millions of total downloads with over 250,000 active users including global brands such as PayPal, Deloitte, ebay, CISCO, Miele, Volkswagen, and Hitachi, Ltd.

RapidMiner offers the following products: RapidMiner Studio (client), RapidMiner Server, RapidMiner Radoop, RapidMiner Streams, and RapidMiner Cloud.