Prevedere, Inc.

Prevedere, Inc. specializes in predictive analytics, providing organizations with tools to enhance decision-making through accurate forecasting and operational planning. Prevedere, Inc. was founded in 2012 in Columbus, US, and focuses on delivering predictive analytics solutions.

The company has undergone significant growth since its inception, having secured a total of USD 15. 70 mn in funding during its latest Series B round in October 2021, led by Norwest Venture Partners and supported by other investors including M12 and Gaingels Syndicate. The founder, Rich Wagner, continues to lead the company as CEO, drawing from extensive experience in technology and analytics. Prevedere has completed a total of 7 funding deals, with its most recent deal happening on October 28, 2021.

The company currently holds a valuation of USD 120. 90 mn. Prevedere offers a comprehensive suite of solutions centered around its core product, the ERIN Predictive AI Platform. This platform integrates financial and operational planning, enabling users to conduct scenario-based forecasts and align business strategies across departments.

Features include financial analysis, budgeting, forecasting, group consolidation, and supply chain management, catering to various industries such as retail, manufacturing, and financial services. Clients from diverse sectors leverage Prevedere's technology to enhance decision-making capabilities and improve operational efficiency. Prevedere generates revenue predominantly through a subscription-based model for its ERIN Predictive AI Platform. Clients engage with the company via annual subscriptions that offer access to the platform’s complete feature set, inclusive of support and training services.

The B2B transaction structure allows for collaborations with large enterprises and mid-sized businesses, with pricing plans designed to cater to different service levels and user access. The ERIN Predictive AI Platform remains the foundation of Prevedere’s revenue model, facilitating ongoing customer relationships that capitalize on predictive insights for strategic planning. Following its latest funding round of USD 15. 70 mn in October 2021, Prevedere plans to accelerate the market adoption of its ERIN Predictive AI Platform while enhancing its capabilities.

The funding will specifically support the development and launch of upcoming features designed to expand the platform’s effectiveness. The company aims to target new markets within North America and Europe, with plans to establish a broader presence by the end of 2023. Prevedere’s strategic growth initiatives focus on refining its product offerings to better serve clients’ evolving forecasting and planning needs.