Civis Analytics Raises $22 Million in Series A Funding Led by Drive Capital

CHICAGO, Nov. 30, 2016 /PRNewswire/ -- Civis Analytics, the leader in data science software and services, announced today that it has raised a $22 million Series A round of funding led by Drive Capital with participation from Verizon Ventures, WPP, and Eric Schmidt, the Executive Chairman of Alphabet, Inc.

Born out of President Obama's re-election campaign, Civis launched with the help of seed funding from Eric Schmidt in 2013. Since then, the company has been able to bootstrap its own growth, starting as a services firm and growing from 15 to 135 employees. Civis works across all sectors for some of the largest, most impactful organizations, including newly announced clients Verizon, Robin Hood Foundation, and the 2020 U.S. Census in partnership with Young & Rubicam.

Over the past three years, Civis has transformed its services into a comprehensive SaaS platform (pre-loaded with data) for data scientists, as well as a suite of easy-to-use applications for line-of-business users and decision-makers. Civis empowers its customers to make data-driven decisions by providing the same software and battle-tested methodologies that Civis data scientists use. With this funding, Civis plans to accelerate its growth by increasing hiring across the board and making long-term investments in research and development.

"We've spent the last two years searching for the market-defining company in data science and knew we found what we were looking for in Civis," said Chris Olsen, Co-Founder and Partner at Drive Capital. "Dan and his team are proving that if you want to be the market leader in any industry, you must use Civis as the company has built a unique and powerful end-to-end platform providing data science solutions for both technical and business users."

"We are honored to welcome Drive Capital, Verizon, and WPP as investors and grateful for Eric's continued support," said Dan Wagner, Founder and CEO of Civis Analytics. "With this round of funding, we'll be able to innovate more quickly, expand our product offerings, and target new sectors."

"Civis has far surpassed my expectations from the 2012 campaign," Eric Schmidt noted. "Businesses increasingly need data science to win, and Civis is providing the technology and solutions to help them do that. I joined this round of funding as I continue to believe in what the team is building."

As part of this round of funding, Chris Olsen joins Dan Wagner, Eric Schmidt, and Tim O'Reilly on the Civis Analytics Board of Directors.

About Civis Analytics

Civis Analytics makes data-driven strategy possible for all organizations. Founded in 2013, Civis Analytics was born out of President Obama's reelection campaign in 2012. Today, it enables a fast-growing and diverse group of both public and private sector clients to benefit from the power of data. Whether with our services or the Civis data science platform, Civis Analytics unlocks data science for organizations of all sizes with data scientists and analysts of all levels.

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