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§ Private Profile · One Boston Place, Suite 2600, Boston, MA 02108, United States
RapidMiner, Inc. is a company.
RapidMiner, Inc. has raised $53.0M across 5 funding rounds.
Key people at RapidMiner, Inc..
RapidMiner, Inc. has raised $53.0M in total across 5 funding rounds.
RapidMiner provides a data science platform for analyzing organizational data, offering comprehensive data mining and machine learning. It encompasses data loading, transformation, visualization, and advanced predictive analytics. The platform features an intuitive visual workflow designer using modular operators for end-to-end model development, extensible by scripting, and deployable on-premises or cloud.
RapidMiner originated in 2001 as YALE, an academic project by Ralf Klinkenberg, Ingo Mierswa, and Simon Fischer at the Technical University of Dortmund. Klinkenberg and Mierswa founded Rapid-I in 2006, commercializing their accessible machine learning technology. This company officially rebranded as RapidMiner in 2013.
RapidMiner assists organizations in operationalizing advanced analytics and AI, facilitating automated end-to-end model development. It empowers professionals to derive actionable insights, driving informed decision-making and innovation. The company's vision is to democratize data science, offering an intuitive platform for diverse users to harness predictive analytics for strategic business advantage.
RapidMiner, Inc. has raised $53.0M in total across 5 funding rounds.
RapidMiner, Inc.'s investors include Converge Venture Partners, Draper Associates, Glasswing Ventures, Upal Basu, Ascent Venture Partners, Earlybird Venture Capital, Longworth Venture Partners, OpenOcean, Nokia Growth Partners, Oskar Hartmann, Luke Burns, Nilanjana Bhowmik.
RapidMiner, Inc. (now operating as Altair RapidMiner following its 2022 acquisition by Altair) is an end-to-end data‑science and AI platform provider that builds visual, low‑code and enterprise-grade tooling for model development, deployment, MLOps and analytics, serving enterprises across industries that need to operationalize predictive analytics and modernize legacy analytics (including SAS) at scale[1][5].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick take: Altair RapidMiner combines a proven, user‑friendly data‑science workflow environment with enterprise MLOps, SAS modernization and high‑scale graph/agent capabilities—positioning it as a practical choice for large organizations that must modernize legacy analytics and move models into production while integrating with engineering and HPC ecosystems[1][3][5].[1][3][5]
RapidMiner, Inc. has raised $53.0M across 5 funding rounds. Most recently, it raised $1.0M RapidMiner - Series U in October 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2020 | $1M Series U | — | Converge Venture Partners, Draper Associates, Glasswing Ventures | Announced |
| Jan 5, 2016 | $16M Venture Round | Upal Basu | Ascent Venture Partners, Earlybird Venture Capital, Longworth Venture Partners, OpenOcean | Announced |
| Jan 1, 2016 | $16M Series C | — | Converge Venture Partners, Draper Associates, Glasswing Ventures, Nokia Growth Partners, Oskar Hartmann | Announced |
| Feb 1, 2015 | $15M Series B | Luke Burns, Nilanjana Bhowmik | BlueYard Capital, Converge Venture Partners, Draper Associates, Glasswing Ventures | Announced |
| Nov 1, 2013 | $5M Series A | Jason Whitmire, Michael Widenius | BlueYard Capital | Announced |
Key people at RapidMiner, Inc..