Our mission to bring predictive forecasting and machine learning to the enterprise decision maker is on the right track, and momentum is only accelerating for us.
Salt Lake City, UT (PRWEB)
August 08, 2017
Big Squid, a leader in predictive analytics and machine learning with their Predictive Toolkit™ software platform, announced today that it has closed $6 million in Series A funding, led by Signal Peak Ventures, with a second round of participation from its seed investors, Silverton Partners and Kickstart Seed Fund. This new investment brings Big Squid’s total amount raised to over $10 million.
“Business decision makers want to make smarter, faster decisions using state-of-the-art machine learning & predictive analytics capabilities. But they cannot,” said Chris Knoch, CEO of Big Squid. “These valuable capabilities often sit out of reach of day to day decision makers – sometimes viewed as little more than interesting, but confusing buzzwords. Big Squid is solving for that market problem first and foremost.”
He continued, “We are thrilled to add Signal Peak Ventures to the team and enable us to execute on our rapidly growing opportunity. They have a highly regarded reputation for their commitment to entrepreneurial teams in which they see the potential to transform markets and create lasting value. We are truly honored to be working with them. Receiving additional investment from Kickstart and Silverton Partners further validates that our mission to bring predictive forecasting and machine learning to the enterprise decision maker is on the right track, and momentum is only accelerating for us.”
Big Squid’s Predictive Toolkit™ puts the power of predictive analytics forecasting and machine learning into the hands of the business user and decision maker, allowing organizations to gain insight into future trends and act with greater certainty. With Predictive Toolkit™, organizations are able to easily construct machine learning models in three easy steps, forecast key business metrics and explore different “what if” scenarios a business could take to make smarter decisions faster.
“Big Squid is a ‘must have’ for any organization looking to take action on their data. The platform brings data…