Datacratic Raises $2 Million
Datacratic (formerly known as Recoset) has announced their real-time predictive analytics platform is now commercially available. Datacratic raised a second stage seed round earlier this year, bringing them to a total of $2 million.
This round of funding was led by BDC Venture Capital. Real Ventures participated in this round. Datacratic plans to use the funding to expand their engineering team and their product offering.
Datacratic has a machine learning platform that provides real-time predictive analytics on a platform-as-a-service model. Datacratic uses their data to leverage the emerging opportunity in real-time marketing and personalization. Datacratic’s platform can provide real-time optimization and machine learning to Data Management Platforms (DMPs), Agency Trading Desks (ATDs), and e-commerce websites.
“Real Ventures’ strategy is to partner with entrepreneurs with grand visions at the earliest stages and support them in their quest to build a great company. We backed the Datacratic team from the seed of their initial idea and we are thrilled to partner with BDC to help propel Datacratic’s technology to the next stage of commercialization,” stated Real Ventures General Partner JS Cournoyer.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry