NEWS4 January 2013

Revolution Analytics gets $7.8m financing for New Year

Financials North America

US — Revolution Analytics, a developer of statistical and predictive analytics software tools, has raised $7.8m in equity financing, according to documents filed with regulators.

The source of the investment has not been disclosed. San Francisco Business Times reporter Patrick Hoge says the firm has previously raised $17.6m from North Bridge Venture Partners and Intel Capital.

Intel Capital contributed to the company’s series A investment round back in 2008, at which time Revolution Analytics was known as REvolution Computing.

In 2009, the company received a further $9m in funding and SPSS founder Norman Nie became CEO. Last year leadership passed to former Accenture Analytics director David Rich (pictured) though Nie remains a board director and adviser.