Wednesday, June 16, 2010

KXEN Digs Up $8M

San Francisco-based KXEN, a developer of data mining and predictive analytics software, announced Wednesday that it has closed on $8M in a Series D funding round. The round came from NextStage, and also included prior investors XAnge Capital, Sofinnova Ventures, Saints Capital and Motorola Ventures. KXEN said the funding will go towards accelerating growth and for vertical market development. KXEN is headed by John Ball, who previously was and executive at Salesforce.com; the firm was founded in Paris, where it continues to have major operations, and also has a London office. More information »