Innovative Prescriptive Analytics Developer Compellon Closes $6.7 Million Series A Financing
Updated: Sep 16, 2019
RANCHO SANTA MARGARITA, Calif.–(BUSINESS WIRE)– Compellon™, the developer of breakthrough prescriptive analytics software that quickly and easily delivers immediate actionable intelligence, today announced the closing of a $6.7 million Series A funding. Kairos Ventures committed $5 million and has invested its first tranche of $3 million of the Series A round. The funding will be used to expand Compellon’s sales capabilities and market penetration, while enabling the company to expedite the development of additional software solutions built around the unique Compellon20|20™ prescriptive analytics platform.
“We are pleased to partner with Kairos as a new investor and benefit from their management team’s experience growing disruptive technologies like ours,” said Ken Charhut, Chief Executive Officer and Co-Founder of Compellon. “The new financing will help us accelerate the growth of our engineering and sales efforts to address the tremendous response for our new Customer Analytics product, as well as continue development of new solutions.”
“Kairos is focused on identifying, fostering and commercializing successful disruptive technologies,” said James Demetriades, Managing Partner of Kairos Ventures. “We see incredible promise for Compellon’s sophisticated advanced analytics that are effortless, easy, and actionable for those without specialized data science skills. Its assumption-free approach to machine learning and machine discovery is completely unique in the industry and we believe it will be broadly transformative.”
Compellon also announced the addition of two experienced software executives to its Board of Directors: Mr. Demetriades, and Carv Moore as an Independent Director.
As the founder and managing partner of Kairos Ventures, Mr. Demetriades is a successful entrepreneur and business strategist. He previously founded SeeBeyond and grew it into the world’s largest self-funded integration software company, taking it public and spearheading its acquisition by Sun Microsystems. At SeeBeyond, he invented numerous software technologies, including composite applications, distributed integration technologies, and cloud-based integration and development products.
Carv Moore brings to Compellon extensive executive, sales and services leadership experience in technology spanning more than 30 years. He has served as a President for SeeBeyond, Novell, Cambridge Technology Partners and Excell Data Corporation, as Senior Vice President for Sun Microsystems’ Global Software business and BMC Software, and as an advisor to Think Big, a Teradata company. His experience also includes tenures at IBM and Digital Equipment Corporation. Mr. Moore is currently engaged in the private equity arena, and also serves on several advisory boards for companies in the enterprise software space, including RiverMeadow Software, Orbitera and Mobiquity.
As the pioneer in making prescriptive analytics quick and easy to use, California-based Compellon delivers the most actionable intelligence available, enlightening users about not only what will happen, but why. The Compellon20|20 software platform, based on assumption-free machine learning, empowers teams working in customer experience, marketing, manufacturing and operations to rapidly take action. For more information, visit www.compellon.com.
Chronic Communications Michelle McAdam, (310) 902-1274 firstname.lastname@example.org