JERUSALEM, January 25, 2016 /PRNewswire/ --
DMWay Analytics, a startup specializing in expert systems for creating predictive analytics models, announced today that it has raised $1 million dollars in seed funding from JVP Labs.
Founded in 2014, DMWay Analytics' system creates precise predictive models at low cost and reduces the time to implementation. DMWay gives enterprises enormous flexibility and predictive analytical capability, enabling accessibility to a broad cross-section of an enterprise's employees. DMWay's unique system allows enterprises to become proactive in responding to significant business events in a timely manner, improving performance, competitiveness, and profitability.
The company's founders - Prof. Jacob Zahavi, Dr. Ronen Meiri, and Gil Nizri - bring years of unique experience and expertise in algorithmic machine learning, data science, and big data.
"The ability to predict business events, situations, and the statistical probability of their occurrence based on information hidden in data accumulated daily is a highly valuable asset for every enterprise," said Haim Kopans, Partner at JVP Labs. "DMWay's product, based on automated, rapid, and accurate predictive analytics, is easy to install, maintain, and offers important advantages over current solutions on the market. We welcome DMWay Analytics to the JVP family."
According to Gil Nizri, CEO of DMWay: "In a world that predictive analytics impacts everything in the enterprise and data scientists are as rare as golden unicorns, DMWay offers the best solution to meet the developing global market need for automated, smart, and highly leveraged implementation. The use of predictive analytics power will distinguish between the leaders of industry from the rest of the players in their respective fields."
About DMWay Analytics:
DMWay automates the predictive analytics model development process and empowers every data scientist at every level to build smarter, faster, and the most accurate models. The system enables analysts in data science to focus on business problems, contributing directly to the success of their enterprise. http://dmway.com/
Gil Nizri,Co-Founder and Chief Executive Officer
E: firstname.lastname@example.org , M: +972-(54)-599-9006
SOURCE DMWay Analytics