Prevedere propelled double-digit revenue growth and increased Fortune 500 clients with launch of cognitive computing engine in 2017
January 31, 2018, Santa Clara, Calif. – Prevedere, an industry insights and analytics company, experienced record growth in 2017, closing the year with a 120 percent increase in revenue from 2016, 50 percent employee growth, and 12 Fortune 500 companies on its expanding client list. This momentum follows Prevedere’s $10 million Series B funding in early 2017, which was led by Norwest Venture Partners with participation from Microsoft Ventures and existing investors PointGuard Ventures and Rev1 Ventures.
Prevedere is a market leader in predictive analytics using global data. The 2017 launch of its cognitive computing engine ERIN, which stands for External Real-time Insights, enables business leaders to accurately identify growth opportunities while avoiding risks associated with unplanned events that impact the bottom line. With the power and scalability of cloud computing and machine learning, ERIN was built to mimic the methodology of industry experts and economists. Data science teams can now spend less time finding the right data and building models and more time helping business leaders turn insights into decisions.
In 2017, the company also expanded its partnerships with Microsoft and Nielsen, increasing Prevedere’s insights and analytics capabilities across functional groups, such as finance, marketing, supply chain and sales. Organizations can now easily integrate predictive insights within existing enterprise planning processes. With a team of seasoned economists and analysts, Prevedere is a trusted, unbiased ally for executives in many of the top companies in retail, CPG, manufacturing, hospitality and more.
“As companies continue to seek data and insights to improve their enterprise planning process, both business decision makers and data science leaders are seeking Prevedere to bridge gaps and accurately project future performance,” said Rich Wagner, president and CEO, Prevedere. “The demand for reliable predictive analytics and global data is increasing, and we continue to enhance our solution to meet those needs.”
Also in 2017, the company achieved several recognitions, including the prestigious Red Herring Top 100 Global Award, the SIIA CODiE Award for Best Business Intelligence Reporting & Analytics Solution, a Gold Stevie® Award from the American Business Awards for veteran-owned business of the year and Silver Stevie® Award for the best business intelligence solution. Prevedere also appointed industry expert Barry Keating, PhD and professor of economics and business analytics at the University of Notre Dame, to its board of advisors.
To learn more, visit prevedere.com.
Prevedere is an industry insights and predictive analytics company, helping business leaders make better decisions by providing a real-time view of their company’s future. While most companies can easily report on internal performance, Prevedere’s external real-time insights engine constantly monitors the world’s activity, identifying future threats or opportunities to business performance. Along with a team of industry experts, data scientists and economists, Prevedere helps business leaders make the right decisions in an ever-changing world.
Named a 2017 Red Herring Global Top 100 Company, the Best Business Intelligence Reporting & Analytics Solution of 2017 by the SIIA CODiE Awards and the Most Innovative Tech Company of the Year by the 2016 American Business Awards, Prevedere works with top global companies. To learn more, visit prevedere.com and follow @Prevedere on Twitter.