BI Firm Anodot Launches Out of Stealth with $3m

California and Israel-based real-time business intelligence (BI) analytics firm Anodot has launched out of stealth mode with a $3m investment.

The firm uses patented machine learning algorithms for big data, to pinpoint performance issues and business opportunities in real-time for web-based, eCommerce, ad tech, Internet of Things, and manufacturing businesses.

The $3m Series A funding round was led by Disrupt-ive Partners and brings total funding to date to $4.5m. New funds will be used to speed up development of the company's product roadmap, and expand sales activity, with a focus on clients in the US and EMEA regions.

Tal Barnoach (pictured), Anodot Board member and Partner at The Disrupt-ive Fund, comments: 'There is a huge opportunity to disrupt the BI market by enabling automated and real-time insights into big data pools of metrics and KPIs. We have been with Anodot from the beginning. The team and the technology are terrific, we are impressed with the progress they have made to date and are excited to be participating in this next stage as they scale upward'.

Web site: www.anodot.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.