Predixion Software

Predixion Software is a software company focusing on edge analytics for connected assets. It was founded in late 2009 and is headquartered in Aliso Viejo, CA.^[1][2][3]

In September 2016, the company was acquired by Greenwave Systems.^[4]

Overview

Predixion RIOT™ enables users to gain real-time insights on IoT data when and where it is most impactful – whether on the device itself (RIOT Nano™), on the IoT gateway (RIOT One™), or with a consolidated view across multiple instances in an organization (RIOT Enterprise™). The Predixion RIOT family of products address the needs at all layers for edge analytics:

• Predixion RIOT One is a complete, self-contained real-time visual analytics platform which runs on the gateway, connects to thousands of devices and provides "instant-on" visual analytics with minimal configuration and setup. RIOT One provides user-driven visual analytics so a business user can gain instant insights into device operations, health and performance and easily apply new analytics to gain immediate insight for rapid decisions and actions. RIOT One runs at the edge, which is closer to the data, and can provide visual analytics directly from the gateway without requiring any cloud presence, thus providing quicker insight, and radically reducing the configuration and processing complexity compared to using a cloud-only analytics approach.
• Predixion RIOT Nano is a complete, self-contained, small foot-print real-time visual analytics engine which runs on a single device and provides immediate visual analytics and insights from device sensors. Predixion RIOT Nano provides on-device visual analytics or stream analytics to the gateway or cloud so a user can easily have visual insights from all connected devices.
• Predixion RIOT Enterprise is cloud-based and provides aggregated real-time visual analytics across all connected devices. Real-time analytics are streamed from gateways (enabled with RIOT One) and devices (enabled with RIOT Nano) to the cloud to provide a centralized view of the performance and insight of all connected devices.

History

2009 Predixion Software was established in late 2009 with four founding partners: Stuart Frost (founder of DATAllegro,^[5] acquired by Microsoft in 2008), Simon Arkell,^[6][7] Stephen DeSantis, and Jamie MacLennan^[8]

2010 The first product release was announced in September 2010;^[9] company closed its Series A Funding Round in October 2010 for $5 million led by DFJ Frontier.^[10]

2011 Predixion accepted into the EMC Select Program; EMC led company’s Series B Funding Round in September 2011 for $6 million.^[11]

Early 2012, company released predictive analytics solution targeting the healthcare^[12] industry’s hospital readmissions needs.^[13][14][15]

2013 The Readmissions solution earned the Microsoft Health Users Group Innovation Award in early 2013; company also launched a major platform release in April 2013.^[16] In August, Predixion closed largest funding round at $20 million^[17] for Series C led by Accenture and GE.^[18]

2014 In January, company released “Predixion in the Classroom”^[19][20] program allowing students and teachers free access to the Predixion Insight platform and all of Predixion’s labs, courseware and other materials for educational purposes. In March, Predixion Software named by Gartner a Significant Vendor in Gartner’s Magic Quadrant Report”.^[21] In April, Accenture launched new Life Sciences Solutions Accenture Digital.^[22][23] In June, company was recognized in the Advanced Analytics Market by Hurwitz & Associates”.^[24][25][26] In October, Predixion joined the New Salesforce.com Analytics Cloud Ecosystem,^[27] released version 4.0 of their flagship product Predixion Insight™.^[28][29] In December, the company relocated corporate headquarters to Aliso Viejo, CA in order to accommodate its rapid growth.

2016 In March 2016, Predixion Software named by Gartner a “Visionary Vendor in Gartner’s Magic Quadrant Report”.^[30]

2016 In September 2016, Greenwave Systems acquired Predixion AXON Platform for IoT and M2M

2017 In February 2017, Cognitive Clinical Science Leader Jvion acquired Predixion Healthcare

Awards

• Trend-Setting Products in Data and Information Management for 2015 by Database Trends and Applications (December, 2014) ^[31]
• Microsoft Health Users Group Innovation Award^[32]
• Big Data 50 – selected as one of the hottest Big Data startups of 2014.^[33]
• CIO Review's 100 Most Promising Technology Companies (2014).^[34]
• Outstanding Technology CEO (Simon Arkell) from OC Tech Alliance (2014).^[35]

References