Smart Money: More Funding for Analytics

Funding for analytic ventures remained robust in January, with 17 significant funding transactions and three acquisitions.   Key themes:

  • Outcomes-based medicine and health care
  • Vertical solutions for the energy industry
  • Solutions for risk management
  • Mobile analytics, including location-based targeting and app metrics
  • Social media sentiment analysis
  • Graph engines (and solutions based on graph engines)
  • In-memory SQL engines

All funding news via Crunchbase.

Funding

Health Catalyst led the way with $41 million in Series C funding.   Health Catalyst offers a solution stack consisting of a proprietary data warehouse optimized for electronic medical records, plus analytic applications designed to support outcomes-based health care.

Other transactions greater than $1 million include:

MemSQL, provider of a high performance in-memory distributed database, raised $35 million in a Series B round.

— Still in stealth mode, marketing analytics provider OrigamiLogic closed on $15 million in Series B funding.

— Kreditech scored $15 million in debt financing.  Kreditech uses machine learning and Big Data to offer credit scoring for microlending.

— Radius closed on $13 million in Series B funding.  Radius supports B2B targeted marketing and lead generation for small businesses.

— Smart grid analytics provider AutoGrid landed $12.8 million in Series C funding.

— GNS Healthcare leverages Bayesian Networks and Monte Carlo Simulation to deliver solutions for outcomes-based medicine to hospitals, health insurance plans, pharmaceutical companies and other entities in the health care delivery chain.  GNS completed $10 million in Series B financing.

— Simple Energy raised $6 million in Series B funding.  Simple Energy offers utilities services to improve customer interactions through microtargeting and social gaming.

— Binary Fountain, provider of software integrating social sentiment analysis with BPM, raised $5.7 million.

— 4C Insights integrates social media sentiment analysis with public data to support media planning and targeting.   The firm raised $5 million in Series B funding.

— Kontagent secured $4.8 million in venture funding.  Kontagent offers mobile analytic solutions to mobile app developers and marketers.

— Offshore analytic services provider Axtria received $4.8 million in venture funding.

— Enigma Technologies raised $4.5 million in Series A funding.  Enigma provides a platform for the analysis of public data that includes a repository and directory to sources, plus tools for search, export and simple analytics.

— Lumiata raised $4 million in Series A funding.  Lumiata leverages graph engine technology to deliver evidence-based predictions to medical practitioners.

— BI vendor Chartio received $2.2 million in venture funding

Bottlenose, purveyor of dashboard and insight tools for social sentiment analysis, raised $1.1 million in debt financing.

Geofeedia, a provider of open source location-based social media mining tools, received 1.25 million in Series A funding.

Acquisitions

There were three acquisitions of note; purchase prices were not disclosed.

— yp, the corporate successor to AT&T Interactive and AT&T Advertising Solutions, acquired Sense Networks on January 6.   Sense Networks uses predictive analytics to drive location-based behavioral targeting for mobile ad platforms.

— Pinterest acquired VisualGraph on January 6.  VisualGraph, a two-man operation, has developed a distributed in-memory visual search engine.

— Apigee, an API management company, acquired InsightsOne on January 8.   InsightsOne offers cloud-based infrastructure for predictive analytics based on Hadoop, plus an in-memory graph engine.

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