Predixion Earmarks $6m for Product Development

In the US, predictive analytics technology firm Predixion Software has raised $6m in Series B financing, which it will use to build additional healthcare industry solutions, and for other product development.

The firm's Predixion Insight tool enables users to share models, datasets and results with individuals or groups, and features data sampling, model building and performance evaluation capabilities. Uses include studies on key influencers and shopping basket analysis.

The latest funding has been led by a new, unnamed investor, supported by current investors DFJ Frontier, Miramar Venture Partners and Palomar Ventures.

Predixion Software CEO and co-founder Simon Arkell comments: 'This funding round further validates our industry changing approach to the market. In the past year, we have successfully deployed our solutions in enterprises both large and small, and with this additional capital will move to quickly exploit our successes in healthcare and in the financial services industry.'

Based in Orange County, California, Predixion is online at www.predixionsoftware.com .