DataRobot, a company that specializes in machine learning, has acquired Nutonian Inc., a data science software vendor, in a high-tech merger of interest to marketers and other data users. The terms were not disclosed.
The union will bring “machine learning to the masses,” DataRobots claimed when announcing the deal.
Nutonian’s AI-driven modeling engine, Eureka, powers predictive analytics for global companies, including Audi, Beck’s Hybrids and RealPage. The firm is known for its work in time-series forecasting, “one of the most time intensive, yet valuable aspects of predictive modeling,” said Jeremy Achin, CEO and co-founder of DataRobot, in a statement.
DataRobot offers a machine learning platform, incorporating a library of open-source machine-learning algorithms. In helping firms automate, it facilitates “more accurate predictions at scale, it said.
In March, the company secured $54 million in venture funding, adding to a total of $120 million to date.
DataRobot had revenue of $20 million in 2016 -- almost nine times that of the prior year, Dylan Martin reported on Boston. Its 400+ customers include several banks and insurance companies, including Bank of America, he added.