Predixion Software Raises $5M

Aliso Viejo-based Predixion Software, the cloud-based developer of business analytics software headed by Simon Arkell, said today that it has raised $5M in a Series A financing round. The round was led by DFJ Frontier, and also included Miramar Venture Partners and Palomar Ventures. Predixion develops a self-service, cloud based business analytics service. In addition to the equity funding, Predixion said that it has also gained a growth capital facility from Silicon Valley Bank. Predixion said that the new funding will go towards product development, sales and marketing, and to its sales channel and strategic partnership efforts. More information »