Deals

Analytics startup Predixion conjures up $20M from Accenture, GE Ventures, & more

Image Credit: Phil McDonald/Shutterstock

Predictive analytics startup Predixion Software has raised $20 million in its third round of funding, the company said today.

Predixion offers self-service analytics software for customers in industries including health care, life sciences, financial services, marketing, government, manufacturing, and e-commerce. The software claims to help managers and workers make better decisions based on predictions. For example, it can help a health care admin predict which patients are most likely to come back in for more treatment or tell a bank manager when a high-quality customer is likely to change banks. (It also has a terribly outdated website.)

The new funding was led by major consulting business Accenture, with participation by GE Ventures, DFJ Frontier, EMC, Miramar Venture Partners, Palomar Ventures, and Frost Venture Partners.

Along with the funding, Accenture intends to develop new custom analytics software for clients with help from Predixion.

“The end-to-end capabilities we’re building will make it more cost effective for our clients to turn data into insights, actions, and ultimately business outcomes,” Sajid Usman, global managing director for technology at Accenture Analytics, said in a statement.

San Juan Capistrano, Calif.-based Predixion was founded in 2009 and claims it has had revenue growth of more than 800 percent for both 2011 and 2012.

Check out the video below for more on Predixion Software.