Anodot Secures $3M in Series A Funding

Funding Rounds

▤ Summary

Anodot, a Sunnyvale, California and Ra’anana, Israel-based provider of real-time analytics and automated anomaly detection solutions, secured $3m in Series A funding.The company will use the funds to accelerate its product roadmap and expand its sales activity, focusing on the ad tech, e-commerce, IoT and manufacturing industries in the U.S. and EMEA.Founded in June 2014 and led by CEO David Drai, Anodot provides technology for real-time analytics and automated anomaly detection for big data.Using patented machine learning algorithms, the company’s platform automates the discovery of outliers in vast amounts of data, isolates issues and correlates them across multiple parameters.The solution is already being used in production by dozens of organizations, including Avantis and Wix.

$ Funding

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Amount $3.0M Total raised
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Date December 9, 2015 Announcement date
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Investors - Lead investors
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Company http://www.anodot.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Business Intelligence

◇ AskAI Classifications

Labels
Product Analytics Anomaly Detection SaaS

▦ Linked Companies

Anodot
$1M to $5M