Two years ago a company called Decisyon Inc. joined the Plug and Play community, where our Ventures Team presented them to dozens of our investment partners like NEA, Alloy Ventures, General Catalyst and Opus. Decisyon listened to the feedback from these meetings and went on to present at our Plug and Play EXPO. Today, the company has raised $15 million in funding to drive global expansion.
“Decisyon has an extraordinary set of assets, most notably breakthrough technology, great people and a strong customer base of well-known global brands,” said Tom Cowan, Decisyon president and chief executive officer. “This funding enables us to support the company with the resources to expand into the global software market.”
Decisyon, Inc., will use this round of funding to drive global expansion and strengthen its capabilities to serve its rapidly growing customer base. This includes $10 million of immediate proceeds to the company and a pre-negotiated second tranche of $5 million scheduled for 2013. The round was led by New York-based growth investor Axel Johnson Inc. and included other prominent private technology investors from the United States and the United Kingdom.
“Axel Johnson has a long history of investing behind exceptional management teams working to create deep, lasting value for customers and their businesses,” said Michael Milligan, president and CEO of Axel Johnson Inc. “We are pleased to have the opportunity to participate in the rapid expansion of Decisyon’s business.”
Built upon a unique collaborative data integration and analytics platform, Decisyon’s applications integrate and analyze disparate sources of information dynamically across the enterprise — enabling teams to quickly engage with new insights, make informed decisions and initiate actions.
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