Growth Funds for Predictive Ad Specialist QuanticMind

In the US, predictive advertising management (PAM) software specialist QuanticMind has raised $10.3m in a round of funding, which will be used to expand engineering, marketing, and sales operations.

Formerly known as InsideVault, QuanticMind offers a software-as-a-service (SaaS) data science and big data solution for paid search, social, display and mobile ad prediction. Its platform brings together machine learning, distributed cloud, and in-memory processing technologies and promises an intelligent and scalable solution.

The funding includes $7m in Series A equity from Safeguard Scientifics. According to co-founder and COO Brian Bird (pictured): 'Rebranding the company as QuanticMind comes at an ideal time, enabling us to leverage the high potential for this new capital infusion. The new name communicates our unique value proposition in the marketplace - combining data science principles and machine learning technology, and suggests a smart, numbers-based approach'.

Web site: www.quanticmind.com .