Data Mining Firm Infobionics Raises $2.5m

In the US, data mining software firm Infobionics has raised $2.5 million in capital from an undisclosed investor.

Headquartered in Minneapolis, Infobionics' patented cellular technology allows clients to extract hidden meaning and spot relationships among information in disparate databases. Applications include Business Intelligence, predictive analysis and bioinformatics, social networking, supply chain management and factory automation.

The firm last received an undisclosed amount of venture capital in 2006 from In-Q-Tel, a venture capital fund that identifies technologies to support the mission of the Central Intelligence Agency (CIA) and the larger intelligence community.

Infobionics' Chief Scientist Jaideep Srivastava (pictured) is Professor of Computer Science & Engineering at the University of Minnesota. For two decades, he has led a laboratory that has conducted research in databases, multimedia systems, and data mining and his industry experience includes heading data mining at Amazon.com; and data warehousing, mining, and reporting at Yodlee.

Web site: www.infobionics.com .