Artificial intelligence is coming to the masses.It wasn’t long ago that AI was the exclusive domain of data scientists. But now, industries as diverse as retailing, manufacturing, finance and insurance are taking advantage of new products that make it much easier for businesses to create AI tools specific to their needs.
RapidMiner Named a Leader in the Gartner’s 2019 Magic Quadrant for Data Science and Machine Learning Platforms for Sixth Consecutive Year
RapidMiner, the leading data science platform for analytics teams, today announced that Gartner, Inc. has positioned RapidMiner in the Leaders quadrant of the 2019 Magic Quadrant for Data Science and Machine-Learning Platforms(1). RapidMiner was positioned the highest on the ability to execute axis in the Leaders quadrant. RapidMiner believes this placement reflects its long history of delivering transformative business impact to its enterprise customers across the globe.
RapidMiner recognized as a 2018 Gartner Peer Insights Customers’ Choice for Data Science and Machine-Learning Platforms
RapidMiner, the leading data science platform for analytics teams, was named a 2018 Gartner Peer Insights Customers’ Choice for Data Science and Machine-Learning Platforms. Gartner defines Data Science and Machine-Learning Platforms as software products that data scientists use to help them develop and deploy their own data science and machine-learning solutions.
RapidMiner™, the leading data science platform for analytics teams, today announced the RapidMiner AI Cloud, a unified SaaS platform designed to make it easy for teams to build, train, manage, and deploy predictive models in the cloud. AI Cloud provides a suite of applications for the entire analytics team, including everyone from data scientists to business analysts to subject matter experts like engineers and scientists.
RapidMiner Named a Leader in Multimodal Predictive Analytics and Machine Learning Solutions by Independent Research Firm
RapidMiner, the leading data science platform for teams, announced that it was named a Leader in the Forrester Research, Inc. report: “The Forrester Wave™: Multimodal Predictive Analytics And Machine Learning Solutions, Q3 2018.” Forrester included 13 vendors in this assessment and found that RapidMiner offers “the most productivity-enhancing automated model creation features available.” The report goes on to note that “RapidMiner is a particularly good choice for organizations looking to scale the use of machine learning broadly.”
RapidMiner™, the leading data science platform for analytics teams, announced the immediate availability of RapidMiner 9.0 with Turbo Prep. According to a recent Harvard Business Review publication, analytics teams spend 80% of their time preparing data, slowed by clunky data prep tools and scarce data science expertise. Turbo Prep is a new product from RapidMiner that accelerates time-consuming data prep tasks to speed the productivity of analytics teams.
RapidMiner, the data science platform for analytics teams, today announced the launch of the RapidMiner Embed ML partner program. Independent software vendor (ISV) and managed analytics service provider (MASP) solutions can now easily embed prescriptive analytics into business applications to drive revenue, reduce costs, and avoid risks.
RapidMiner Inc., the data science platform for analytics teams, announced today that its RapidMiner Radoop is certified on the MapR Data Platform. RapidMiner Radoop eliminates the complexity of data prep and machine learning on Hadoop and Spark through its visual workflow approach and automatic code generation. The combination of RapidMiner Radoop and the MapR Data Platform provides easy access to big data for data science at enterprise scale.
RapidMiner, the data science platform for analytics teams, announced today at Informatica World that it has formed a partnership with Informatica, the Enterprise Cloud Data Management leader. Through this new partnership, Informatica users can now embed predictive models created in RapidMiner inside Informatica data pipelines, empowering business teams to take specific actions based on prescriptive recommendations.
RapidMiner Named a Leader in the 2018 Gartner Magic Quadrant for Data Science and Machine-Learning Platforms
RapidMiner, the company that delivers real data science, fast and simple, today announced that Gartner, Inc. has positioned RapidMiner in the Leaders quadrant of the 2018 Magic Quadrant for Data Science and Machine-Learning Platforms. According to Gartner, “Data science and machine-learning platforms enable organizations to take an end-to-end approach to building and deploying data science models.”
RapidMiner™, the company that delivers real data science, fast and simple, announced another quarter of record revenue for its Q4 2017. Q4 builds on a strong year that saw RapidMiner exceed its goals for new customer acquisition, user community growth, and deployments by the largest global enterprises.
RapidMiner™, the company that delivers real data science, fast and simple, today announced the immediate availability of RapidMiner 8.1 and RapidMiner Auto Model, a new addition to RapidMiner Studio that accelerates everything data scientists do when building machine learning models.
RapidMiner™, the company that delivers real data science, fast and simple, today announced the release of RapidMiner 8, a significant upgrade to the architecture of the RapidMiner data science platform. In addition to the launch of RapidMiner 8, the company announced record revenue for its Q3 2017.
RapidMiner™, the company that delivers real data science, fast and simple, announced at the Strata conference that RapidMiner Server is now available in the Microsoft Azure Marketplace, and RapidMiner Radoop now supports Microsoft Azure HDInsight.
RapidMiner™, 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.
At the BlackHat 2017 security conference, Symantec presented on using RapidMiner to identify a specific type of email attack called “business email compromise”.
RapidMiner won the CogX A.I. Award for “Best Innovation in Predictive Analytics” at CogX London 2017. The event celebrated the best use of AI in specific industry sectors and technology domains as well as applications in Social Good, Public Services and Ethics Leadership.
RapidMiner CEO Peter Y Lee was identified as one of the top 25 CEOs in Boston by Owler in its inaugural 2017 Top-Rated CEO rankings.
RapidMiner™, 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 Named a Leader in Predictive Analytics and Machine Learning Solutions by Independent Research Firm
RapidMiner™, the global leader in open source data science, today announced that it was named a Leader in the Forrester Research, Inc. report: “The Forrester Wave™: Predictive Analytics and Machine Learning Solutions, Q1 2017.” Forrester noted that “RapidMiner invested heavily to revamp its visual interface, making it the most concise and fluid that we have seen in this evaluation.
RapidMiner™, the global leader in open source data science, today announced that Gartner, Inc. has positioned RapidMiner in the leaders quadrant of the 2017 Magic Quadrant for Data Science Platforms.
The CB Insights AI 100 recognizes the teams and technologies that are successfully using AI to solve big challenges.
Ventana Research highlights and acknowledges the importance of technology innovators through its annual Technology Innovation Awards. RapidMiner was chosen as the winner of the Predictive Analytics category.
RapidMiner™, the #1 open source data science platform provider, today announced a new marketplace of data science experts designed to make it easy & cost effective for organizations to launch predictive analytics projects. To deliver on this marketplace vision, RapidMiner has formed a new partnership with Experfy, the #1 consulting marketplace.
RapidMiner™, the leading open source predictive analytics platform, today announced Tim O’Toole as its Chief Financial Officer, and the additions of Vijay Kotu and Rock Gnatovich to the company’s advisory board. Software industry veteran O’Toole is responsible for RapidMiner’s finance and legal functions.
RapidMiner™, the industry’s #1 open source predictive analytics platform, today announced that Gartner, Inc. has positioned RapidMiner as a Leader in its 2016 Magic Quadrant for Advanced Analytics Platforms¹. According to Gartner, the advanced analytics platform market was again the fastest-growing analytics segment in 2014 as organizations continue to move beyond descriptive and diagnostic analytics into predictive and prescriptive analytics.
RapidMiner™, the industry’s #1 open source predictive analytics platform, today announced the release of RapidMiner 7, featuring a new, streamlined design of the company’s flagship product, RapidMiner Studio. This release delivers important usability enhancements that empower business analysts to intuitively leverage data science and confidently derive deep insights and deliver impactful results to the business.
RapidMiner, the industry’s #1 open source predictive analytics platform, today announced a new partnership with leading business analytics software vendor Tableau. The partnership enriches Tableau data visualizations with powerful, statistically-based insights from RapidMiner, allowing business analysts to make their everyday decisions with a greater degree of confidence.
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.
RapidMiner, the industry’s #1 open source predictive analytics platform, today announced it will host its 7th annual conference RapidMiner Wisdom on January 20th and 21st at Kimpton’s Eventi Hotel NYC. The conference will be attended by members of the global RapidMiner community of data scientists, academics, customers and partners.
RapidMiner™, the industry’s #1 open source predictive analytics platform, today announced Tom Wentworth as Chief Marketing Officer. Wentworth is responsible for global go-to-market strategy, demand generation, product marketing and corporate communications. Wentworth joins RapidMiner from Acquia, where he was Chief Marketing Officer leading the company through a period of rapid growth.
You might remember last year at Strata+Hadoop World, New York City we talked about the fact that “Hadoop will disappear.” Yet to quote Cloudera’s product marketing lead Alex Gutow, “[Hadoop] – a word that once only meant HDFS and MapReduce for storage and batch processing now can be used to describe an entire ecosystem,” and nothing could be more true, especially when it comes to the vibrant Cloudera partner ecosystem that was on show this week in New York City.
RapidMiner™, the industry’s #1 open source predictive analytics platform, today announced the general availability of RapidMiner Radoop v2.6, making it easy to incorporate SparkR and PySpark scripts within a single, unified analytics workflow. Radoop, a core component of the RapidMiner platform, extends predictive analytics to Hadoop and Spark, giving organizations complete and holistic insight across all their data by leveraging the computation power of their Hadoop clusters.
RapidMiner Announces Partnership and Certification on Cloudera Enabling End Users to Monetize their Hadoop Investments
RapidMiner™, the industry’s #1 open source predictive analytics platform, today announced the availability of a joint offering with Cloudera. The combined solution enables end users to effortlessly mine and model data—no coding required—mashup all data for a holistic business view, rapidly build predictive models to uncover opportunities and risks and operationalize predictive models by embedding them within business processes.
So many big data and analytics-focused startups are getting funding these days that I’ve been inspired to compile a second slideshow highlighting these companies. This new batch has reined in some $250 million this year as they seek to help organizations make sense of the seemingly endless pool of data going online.
RapidMiner Embraces its Community and Open Source Culture Delivering Get-More-Open-Core Predictive Analytics
RapidMiner™, the industry’s #1 open source predictive analytics platform, today announced its Get-More-Open-Core business model, offering two forever free editions and one commercial edition of RapidMiner™ Studio 6.5, the company’s leading predictive analytics software. Get-More-Open-Core starts with a traditional open core business model offering, delivering free open source and commercial editions of the software, then adds a second free edition of RapidMiner Studio that provides beyond-the-basics, giving even more to users who join the RapidMiner Community.
RapidMiner, the industry’s #1 open source predictive analytics platform, today announced it will host its annual conference RapidMiner Wisdom on August 31st and September 1st. Rich with content and networking opportunities, this conference provides a unique setting where attendees will hear from industry experts, data scientists, academics, customers and partners.
RapidMiner, a Cambridge-based predictive analytics firm, has appointed Peter Y. Lee, former executive vice president for Silicon Valley-based software firm TIBCO, as CEO. Lee succeeds RapidMiner’s founder, Ingo Mierswa, who will remain the company’s chief technology officer.
RapidMiner Inc., a developer of software for business analytics that raised Series B financing earlier this year, said it named former Tibco executive Peter Y. Lee as president and chief executive.Founder and former CEO Ingo Mierswa, who remains on the board, will serve as chief technology officer.
Cambridge, Massachusetts-based RapidMiner, a predictive analytics platform provider, has named Peter Y. Lee as president and CEO. Lee was the former executive vice president of TIBCO. RapidMiner’s backers include Ascent Venture Partners, Longworth Venture Partners, Earlybird Venture Capital and Open Ocean Capital.
RapidMiner, the industry’s #1 open source predictive analytics platform, today announced former TIBCO Executive Vice President, Peter Y. Lee, to the position of President and Chief Executive Officer. Lee, who also joins the Board of Directors, 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.
Amnesty International, is a global movement of more than seven million people, campaigning for a world where human rights are enjoyed by all. As a non-profit, the organization relies heavily on individuals to help fund the organization’s extraordinary social impact for justice and freedom. While a CRM system is a key component to tracking donations, AIB wanted to improve its performance by using modern data analytics methods.
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today announced the addition of 12 new strategic partners to its growing Global Partner Program. These Value Added Resellers (VARs) and Systems Integrators (SIs) join a well-established network of business and technical partners that assist in providing RapidMiner’s advanced analytics capabilities to its community and customers.
Cornelia Levy-Bencheton, author of O’Reilly Media’s Report Women in Data: Cutting-Edge Practitioners and Their Views on Critical Skills, Background, and Education interviews four of the leaders profiled in the “Women in Data” report to hear their stories and achievements.
Independent Research Firm’s Big Data Predictive Analytics Report Cites RapidMiner as “a Rock-Solid Enterprise Solution with Cloud Capability”
RapidMiner, the industry’s easiest-to-use Modern Analytics platform for Big Data, announced today it has been positioned by Forrester Research as a Strong Performer in “The Forrester Wave™: Big Data Predictive Analytics Solutions, Q2 2015”1 report. Predictive analytics represents a key opportunity in today’s business world.
RapidMiner Positioned in the Leaders Quadrant of Gartner Magic Quadrant for Advanced Analytics Platforms
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, announced today it has been positioned by Gartner in the Leaders Quadrant of the Magic Quadrant for Advanced Analytics Platforms published February 19, 2015. This year’s Magic Quadrant evaluated 16 vendors based on their ability to execute and completeness of vision.
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today announced it closed $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. The new capital will enable RapidMiner to execute on aggressive growth plans as the company furthers its global agenda to bring self-service advanced analytics to next-generation data scientists.
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today announced significant updates to the most comprehensive advanced analytics offering on the market today. In a world where data lakes are often used solely as a repository for information, underutilized due to the state of the market and limits of technology, RapidMiner’s aggressive advances turn the tide for data scientists and business users alike to extract business value from Big Data.
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today introduced RapidMiner Academia – a program that provides free use of the commercial version of its platform to students, professors, researchers and other academics at non-profit educational institutions.“ ’Analytics. For Anyone.’ is far more than our company tagline – it is part of our mission to help mitigate the shortfall of skilled analytic professionals – starting with empowering the next generation of data scientists,” said RapidMiner CEO Ingo Mierswa.
True to its iconic logo, Hadoop is still very much the elephant in the room. Most every data scientist has heard of it, yet relatively few can say they have a firm grasp on what the technology can do for their business, and even fewer have actually implemented it successfully at their organization. But in 2015, Hadoop will be hard to ignore.
While predictive analytics can be used for ad hoc analysis and one off projects, today’s tools provide the ability to build predictive analytics into applications and services, including predictive maintenance and customer retention, for ongoing, and even automated, use.
Risk management and customer data are two key areas where data analytics is being applied in financial services.Given that predictive analytics software is increasingly easier to use, it’s no surprise the technology is being adopted more and more in the financial services industry. In general, it is applied there in two ways:
These Big Data companies are the ones to watch as Big Data plays an ever expanding role in business.As Big Data has exploded, Big Data companies have risen to the occasion – yet a true “leader” has yet to be anointed. Perhaps in a few years, a few will rise above the rest to dominate the market. But for now, we can enjoy a plethora of companies, each offering different take on Big Data innovation.
RapidMiner Makes it a Snap to Move Predictive Analytics, Data Mining and Machine Learning into the Cloud
Pioneering predictive analytics leader RapidMiner today announced the general availability of RapidMiner Cloud. RapidMiner Cloud provides an easy, low cost way to: Push analytics processing to the Cloud, Leverage over 300 popular Cloud data services, and Access analytic processes anywhere in the world.
This week, RapidMiner launched a partner program for system integrators, OEMs, VARs and Ambassadors…The partner program features two tiers — Analyst and Master — and offers a range of benefits to system integrators, OEMs and value-added resellers (VARs).
Rocketship RapidMiner Launches New Global Partner Program with Nineteen Partners in Thirteen Countries
Pioneering predictive analytics leader RapidMiner today announced its new Global Partner Program, along with 19 recently added partners. Differentiated from many other technology vendors, all RapidMiner partners benefit from extensive RapidMiner product training and certification, ensuring customers can work directly with skilled partners nearby. “Our partners provide a high-level of service to our customers by making the commitment to be fully knowledgeable about our technology.
In a speech last week, SEC Chair Mary Jo White called for greater boardroom diversity, which she said has yet to receive “sufficient attention.”And some of that has to be addressed long before a woman enters corporate America, said Michele Chambers, the new chief operating officer of big data mining company RapidMiner.
RapidMiner Appoints Analytics Executive and Thought Leader Michele Chambers as President and Chief Operating Officer
Pioneering predictive analytics leader RapidMiner today announced that Michele Chambers has joined its executive team as president and chief operations officer (COO). Chambers brings more than 25 years of high-tech experience to her role at RapidMiner, and is a twice-published author in the subject of modern analytics. At RapidMiner, she is responsible for marketing, products and global strategy..
Regardless of what industry you work in, you are likely to be left behind if you lack basic analytical skills. Taking a proactive approach may end up saving you time — and a hassle – further down the line. In case you haven’t heard, there is a shortage of skilled data professionals. The problem isn’t just about a lack of data scientists at the Ph.D. level.
Even with great minds, diligent teams and hefty budgets, big data had stumped the c-suite. While CTOs and CMOs are continuing to work closely together, even together, they lack the particular expertise to analyze and draw the most profit maximizing, cost-cutting insights from data. The Chief Data Officer is an evolving position combining business savvy and technical data expertise. So, what does it take to be a successful CDO?
RapidMiner World Attracts World-Class Data Analytics Leaders and Customers to Inaugural U.S. Event in Boston
Pioneering predictive analytics leader RapidMiner last week concluded its RapidMiner World conference, which brought together over 100 RapidMiner users and other data analytics industry experts from around the globe. The four-day conference, which took place from August 18– 21 in Boston, explored the latest in predictive analytics, data mining, and the future of RapidMiner.
RapidMiner has introduced a cloud version of the same solution for predictive analytics. About 300 data sources can be integrated, including Amazon S3, Salesforce, Dropbox, Twitter, or LinkedIn or Facebook. Thanks to an interface to Zapier.com it can be virtually any data source integration.
ioneering predictive analytics leader RapidMiner today announced a strategic partnership with CRMT, escalating RapidMiner’s momentum within the EMEA market. The partnership combines RapidMiner’s expertise in advanced analytics, especially in predictive analysis, with CRMT’s reputable client success in the Adriatic region.
Pioneering predictive analytics leader RapidMiner today announced that Andrew Dinsmore won a CFO of the Year Award from the Boston Business Journal in the small private company category. Now in its sixth year, the Boston Business Journal’s CFO of the Year Awards program honored local CFOs who have made a difference in their companies and organizations, during a luncheon on July 24 in Boston.
Andrew Dinsmore, CFO at RapidMiner, accepts his CFO of the Year award in the small private company category at the Boston Business Journal’s CFO Awards.
The Boston Business Journal today honored the winners of this year’s Boston Business Journal CFO of the Year Award.The winners are: In the small private company category, Andrew Dinsmore of Rapidminer.
The exponential growth of unstructured text offers organizations the opportunity to extract insights of real business value. However, unlocking this potential requires the right technology and experience.
Last week, Salesforce bought sales data intelligence startup RelateIQ for $350 million. But that’s just the latest deal in the marketing tech sector, which has seen several billion-dollar acquisitions in the past couple of years. It could also be a hint about the future: predictive apps.
The advanced analysis firm recently inked its first acquisition by turning an OEM relationship with Hadoop access and processing player Radoop into a purchase. What are the ramifications of the deal for the company, and how will it affect its competitive stance?
In today’s business environment, organizations are increasingly demanding advanced analytics that allow them to use large volumes and diverse types of data to discover patterns and anomalies and predict outcomes.
Recently, IBM hosted an analyst discussion about the launch of its Predictive Customer Intelligence (PCI) solution. As its name implies: PCI is a predictive modeling solution aimed at improving understanding and anticipation of customer behavior. We’ll dive deeper into the specifics in a bit, but from a broader perspective it lends itself nicely to a conversation about where predictive analytics is heading.
RapidMiner CEO Ingo Mierswa talks about “predaction”, reasons for RapidMiner popularity, business source model, analytics to investigate fraud, key turning points, and more. Here is my interview with Ingo Mierswa, co-founder and CEO of RapidMiner.
RapidMiner, a predictive analytics innovator, this week announced its acquisition of Radoop, a close RapidMiner partner and Big Data analytics tool for Hadoop. The integration of Radoop into RapidMiner extends RapidMiner’s reach into the Hadoop ecosystem and paves the way towards enterprise-level businesses that need Big Data analytics to deliver insightful, actionable results via a straightforward user interface.
It is with pleasure and great enthusiasm that I announce RapidMiner’s acquisition of Radoop. Radoop, a leading big data analytics solution for Hadoop®, makes Hadoop implementations more powerful and easy to use with RapidMiner’s advanced analytics suite.
Pioneering predictive analytics leader RapidMiner today announced that it has acquired Radoop, a leading big data analytics solution for Hadoop®, making Hadoop implementations more powerful and easy to use with RapidMiner’s advanced analytics suite. Radoop extends RapidMiner’s data analysis capabilities and together these solutions provide one of the first enterprise-ready, commercially supported and full-featured predictive analytics suites running in Hadoop.
RapidMiner, a big data analytics startup, purchased former partner Radoop, giving it Hadoop processing and access to the Radoop team’s Hadoop expertise. They did not share the purchase price. RapidMiner enables customers to create a data-analytics workflow and grab data from a variety of sources without scripting using built-in connectors, then process that data to see patterns that might require action.
BostInno: This Boston Analytics Company Successfully Predicted the Winner of World Cup. Now It’s Your Turn.
Boston’s predictive analytics champ RapidMiner is offering up its platform to empower data-driven sports fans a way to hack the winners. To make the pot even sweeter, there’s a cool $10,000 up for grabs, too.
Pioneering predictive analytics leader RapidMiner is offering business analysts and data scientists worldwide the chance to win cash and other prizes for predicting the winners of the 2014 soccer world championships. In 2010, RapidMiner used sentiment analysis to accurately predict the winner of the final game more than a week before the matches began.
Pioneering predictive analytics leader RapidMiner today announced that the 11th Annual MIT Sloan CIO Symposium has named the company as one of ten finalists for the 2014 Innovation Showcase. The showcase will highlight the RapidMiner platform, which helps organizations leverage their data to inform future business decisions.
Pioneering predictive analytics leader RapidMiner today announced the opening of its new worldwide headquarters. Located at 10 Fawcett Street in the Alewife area of Cambridge, Mass., the new office is designed to accommodate the firm’s current and future growth and will also offer space to conduct classes and training for customers and partners.
RapidMiner Positioned in the Leaders Quadrant of the Gartner Magic Quadrant for Advanced Analytics Platforms
Pioneering advanced analytics vendor RapidMiner today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the first “Gartner Magic Quadrant for Advanced Analytics Platforms.” We believe our placement in the Leaders quadrant reflects not only our status as the world’s most frequently downloaded predictive analytics software, but also our ability to provide a platform that supports business analysts, data scientists and business managers,” said Ingo Mierswa, co-founder and CEO of RapidMiner.
We our proud to announce our investment in Rapidminer, a leading tool for predictive analytics, data mining and text mining. Rapidminer was founded by Ingo Mierswa in 2007. Ingo is an industry-veteran data scientist since starting to develop RapidMiner at the Artificial Intelligence Division of the University of Dortmund, Germany.
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.
RapidMiner, a Germany-founded company offering predictive analytics applications, announced Monday it has moved its headquarters to the Boston area and raised a $5 million Series A round. The funding was led led by Earlybird Venture Capital and Open Ocean Capital, which is backed by the founders of MySQL, and is the first outside capital raised by the company.
German open source software and analytics company RapidMiner announced today that it has closed a Series A round worth $5 million led by European investors Earlybird Venture Capital and Open Ocean Capital. In congruence with the financing, RapidMiner (formerly known as Rapid-I) ushers in a number of changes this morning, including a corporate and product rebranding and a move to Boston. According to Xconomy, the company has swiped up space in nearby Burlington, where it will plant its U.S. headquarters.
RapidMiner, which provides enterprise data-analysis and data-mining software and services, has raised a $5 million Series A round as it ramps up sales and marketing and adds features to its product.