Israel-based Anodot, a company that uses AI/ML for analytics and business intelligence has raised a $15 million Series B round. The investment was led by Redline Capital Management, with existing investors Aleph Venture Capital and Disruptive Technologies Venture Capital also participating.
Anodot says it has more than tripled its revenues over the past year. Anodot’s customer list includes Foursquare, Lyft, Microsoft, Upwork and Waze, according to the company.
The new investment will be used to open offices in London and APAC, grow its US team, and invest in sales, marketing and customer success, says Anodot.
Anodot has raised $23 million to date.
[Image courtesy: Anodot]