Predictive Analytics Firm Prevedere Raises $25m

In the US, predictive analytics tech firm Prevedere has raised $25m in a new round of financing, which it will use to accelerate the market adoption of its platform by enterprises, and for further product development.

Prevedere provides solutions based on econometric modeling, enabling enterprises to understand and quantify the impact of external factors as part of their planning and forecasting strategies. Its global data repository and patented AI platform enables users to identify market drivers, understand the future impact of economic volatility, generate performance forecasts and optimize plans.

New funding has been led by Norwest Venture Partners, with participation from Workday Ventures, M12, JobsOhio, Gaingels and Latitude Ventures, and the investment will be used to continue the enhancement of Preveder's ERIN Predictive AI Platform. Founder and CEO Rich Wagner (pictured) comments: 'CEOs and CFOs are seeking to understand the headwinds and tailwinds on the horizon for their markets and businesses, and Prevedere is uniquely positioned to provide these strategic insights. Our continued success speaks volumes to the market need for predictive technology solutions that inform strategic decisions in this volatile economy'.

Web site: www.prevedere.com .