Formation 8 Leads $21M Series B for Context Relevant
May 21, 2014
Context Relevant has secured a $21 million Series B funding for its automated predictive analytics software. The company's product helps accelerate the analytics process by automating the analysis of such applications as customer transactions, social media interactions, CRM entries and both internal and external databases. Context Relevant previously received a $7 million Series A financing at a postmoney valuation of $20 million. Formation 8 led the new round, which also received participation from Madrona Venture Group, Bloomberg Beta and Vulcan Capital.