REvolution Computing Secures $9,000,000 New Financing

  • Feed Type
  • Date
    10/20/2009
  • Company Name
    REvolution Computing
  • Mailing Address
    One Century Tower 265 Church Street New Haven, CT 06510
  • Company Description
    With over 1 million users and growing, the open source language known as “R” has emerged as the de facto standard for developing computational statistics and predictive analytical software. REvolution Computing was founded in 2007 to continue to foster the community, as well as support the commercial base of users and their needs. Our name derives from combining the term “R” with the word “Evolution.” It speaks to the ongoing development of the R language from an open-source academic research tool into commercial application for industrial use. Working closely with the open source R Community and drawing on the resources of Intel Capital, REvolution Computing provides commercial software extensions and support for open source R that enable statisticians and scientists to derive meaning from large sets of mission-critical data in record time.
  • Website
    http://www.revolution-computing.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $9,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    North Bridge Venture Partners
  • Venture Investor
    Intel Capital

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