whats known and unknown

Futurelytics Gets $800k From Index And More So That Small Enterprises Can Access Big Data, Too

on November 11, 2013


Big data analytics has given large enterprises a way of analysing historical and real-time data to monitor their business’ performance, and to better predict what might happen next. Now, a startup out of central Europe called Futurelytics is hoping to be one of the leaders in the third piece of the big data puzzle: prescriptive analytics, or how to use the information gleaned from big data analysis to suggest what a company should change to improve performance.

Today, the Czech-based startup is announcing a seed round of $800,000 led by Index Ventures and Credo Ventures to build out its product. Other investors include Kima Ventures and business angel Rob Keve. The round was first made public in a Form D filing earlier this month, without details of the investors.

Apart from its square focus on the area of prescriptive analytics, Futurelytics is looking to solve another specific problem in…

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