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Revolution Analytics, a developer of software for computational statistics, has raised $8.6 million in an add-on to its second round of funding, according to a filing with the SEC. Based in Palo Alto, the firm creates software to support users of the open-source R programming language.
Revolution Analytics offers its products to academic institutions for free but charges commercial users for its Revolution R Enterprise product. Clients include Pfizer, Yale Cancer Center and Motorola. Founded in 2007 and formerly called REvolution Computing, the company last raised $9 million in October 2009 from Intel Capital and North Bridge Venture Partners.
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