Praedicat Raises $8.0M, Spins Out Of RAND

Culver City-based Praedicat, a spinout of the RAND Corporation, has raised $8.0M as part of its formation, according to a regulatory filing from the firm this week. The new company--which was announced by the RAND Corporation and Risk Management Solutions, Inc. earlier this month, will provide provide consulting services and software to the property and casualty insurance industries, including developing tools and technology for the liability insurance industry. RANd said earlier this month that Praedicat is the firs ttime it has spun off a new company for commercial application of its technology research. More information »