KXEN Secures $8 Million in Series D Funding

new funding to accelerate growth and international expansion. The round was led by NextStage and included participation from existing investors XAnge Capital, Sofinnova Ventures, Saints Capital and Motorola Ventures.

Date:

KXEN, San Francisco, Paris, London, June 16, 2010

KXEN, the leading provider of data mining automation solutions, today announced that it has closed $8 million in series D funding to further accelerate its growth and international expansion. The round was led by NextStage and included participation from existing investors XAnge Capital, Sofinnova Ventures, Saints Capital and Motorola Ventures.

"This additional funding is a great vote of confidence in KXEN's vision of how companies can optimize their business by using predictive analytics. We are thrilled to see the concrete benefits our customers are getting and plan to use this funding to invest even more heavily to accelerate our growth and vertical market development," said John Ball, CEO of KXEN.

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