KXEN raises $10 million from Motorola & Xange
Summary
Motorola and XAnge Capital have made strategic minority investments in KXEN as part of a recently closed round of equity financing San Francisco/London, October 25, 2004 – KXEN, a leading supplier of predictive and descriptive analytic software solutions, today announced a series C funding, led by XAnge Capital and Motorola. With KXEN, customers can elevate their strategic business decision making to another level by building reliable predictive models in a matter of hours, rather than weeks or months. KXEN’s unmatched speed, ease of use and scalability enable leading companies around the world to expand the use of predictive analytics and enhance corporate performance. Based on breakthrough mathematical theory, KXEN’s products offer reliable predictions and deep insight for achieving critical business goals. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions.