Skytree Gets $18m for Big Data Development

Big data predictive analytics firm Skytree has raised $18m in Series A funding, as fuel for its 'aggressive growth strategy'.

Skytree has offices in San Jose, CA, and Atlanta, GA, and its machine learning-based platform helps clients predict future trends, make recommendations and uncover untapped markets and customers.

The new funding was led by US Venture Partners, with participation from a new investor syndicate that includes delivery company UPS, and Scott McNealy, the founder of online polling specialist Wayin. Previous investors Javelin Venture Partners and Osage University Partners also participated. As part of this transaction, USVP General Partner Rick Lewis has joined Skytree's Board of Directors.

Martin Hack (pictured), President, CEO and co-founder of Skytree, comments: 'The opportunity to involve Rick Lewis and benefit from USVP's amazing background in building successful and market leading companies played a big role in our decision making process. The new financing will help us to aggressively grow our engineering and sales efforts in response to the expanding demand for our product.'

Web site: www.skytree.net .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.