RapidMiner
Latest round
- Series C
Last raised
- Jan 2016
Total raised
- $36M
Investors
- 5
About RapidMiner
RapidMiner, Inc.Founded in 2007 by Ingo Mierswa and Ralf Klinkenberg, RapidMiner, Inc. is headquartered in Cambridge, US. The company focuses on providing a data analytics platform and has undergone a significant transition with its acquisition by Altair Engineering, Inc. in September 2022 for USD 100 mn. The acquisition aims to enhance its data analytics capabilities. Altair RapidMiner offers a comprehensive data analytics and AI platform designed to empower organizations in utilizing their data effectively. The platform integrates and optimizes siloed data, enabling users to unlock hidden insights through advanced analytics and AI-driven automation. Key features include the ability to process both structured and unstructured data, model business processes, and utilize generative AI (genAI) for building robust applications. The client base spans various industries, including automotive, healthcare, and manufacturing, with notable customers leveraging the platform for tasks such as predictive modeling, automated reporting, and operational optimization.Altair RapidMiner generates revenue primarily through subscription models for its software solutions, which include flagship products such as RapidMiner Studio and RapidMiner Server. The revenue structure is designed around software-as-a-service (SaaS) offerings, allowing clients to access and utilize the platform based on a tiered pricing strategy that accommodates various organizational needs. This model facilitates direct transactions between Altair and its clients, with users committing to annual or multi-year contracts that ensure continuous access to the platform's suite of tools. Additionally, partnerships with resellers expand distribution channels, driving further revenue streams through joint offerings in markets such as North America and Europe.The acquisition of RapidMiner, Inc. by Altair Engineering, Inc. is expected to bolster RapidMiner's offerings in data analytics. The company is likely to focus on developing new features and enhancing its existing platform to better serve its clients. Altair's strategic direction indicates plans for expanding into new geographic regions, particularly in Europe and Asia-Pacific, to tap into emerging markets.
Who invested in RapidMiner
5 investors across 3 rounds
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Questions about RapidMiner
Who invested in RapidMiner?
RapidMiner has 5 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has RapidMiner raised?
RapidMiner has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did RapidMiner last raise money?
RapidMiner's most recent round on record is a Series C, in Jan 2016.
What does RapidMiner do?
RapidMiner is a software company.
Where is RapidMiner headquartered?
RapidMiner is headquartered in Cambridge, US.
Which VCs invest in companies like RapidMiner?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at RapidMiner's stage. Their profiles are linked below.
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