# PredictHQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/predicthq

- Industry: Software
- Headquarters: Auckland, New Zealand
- Website: www.predicthq.com
- Total disclosed funding: $35M
- Latest round: Series B (Feb 12, 2020)
- Investors on record: 5

## About

Founded in 2015 and based in Auckland, New Zealand, PredictHQ Limited develops a subscription-based data-as-a-service platform that provides event searches based on geocoding using proprietary algorithms and data license for customizable demand intelligence and forecasting. The company was founded by Campbell Brown and Mike Ballantyne and in February 2020, PredictHQ Limited raised USD 22 million in series B funding led by new investor Sutter Hill Ventures, with participation from returning investors Addventure Fund, Aspect Ventures, Lightspeed Venture Partners, and Rampersand. As of July 2021, the company has 140 employees.

The company uses myriad sources for data related to concerts, sports, public holidays, and more and then channels it into an API, and licenses it to companies like Uber, Domino’s, Quantas, and Booking.com which is then used to predict the demand of services such as demand for cab rides in a particular area at a particular time, demand for food delivery drivers on a specific evening, etc. for increasing earnings. The company provides a products such as, Aviation rank which uses machine learning models to forecast the global events that are likely to impact the demand for flight bookings; and PredictHQ Beam which converts unstructured event data into a dataset which can be used in machine learning models and then combines and correlates it with the demand data of businesses. The product uses IteSSA nonparametric machine learning algorithms to detect weekly and monthly cyclicities, seasonal patterns, and long term and short term trends.

The company plans to use the 2020 funding to grow its data science team and bring its demand intelligence platform to more industries and markets.

## Funding rounds

- Series B, Feb 12, 2020, $22M — Lightspeed Venture Partners, Sutter Hill Ventures, Rampersand, Aspect Ventures, Tidal Ventures
- Series A, Aug 29, 2018, $11M — Lightspeed Venture Partners, Rampersand, Aspect Ventures, Tidal Ventures
- Seed, Nov 1, 2016, $2.1M — Tidal Ventures

## Investors

- Tidal Ventures (https://capitalatlas.ai/funds/tidal-ventures) — Seed, Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Rampersand (https://capitalatlas.ai/funds/rampersand) — Series A, Series B
- Aspect Ventures (https://capitalatlas.ai/funds/aspect-ventures) — Series A, Series B
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series B