Harvard spin-out Qstream receives $4m series A backing for predictive analytics technology.
Qstream, a spin-out of Harvard University, has secured a second tranche to its 2013 series A financing, bringing the total to $6.85m.
The latest $4m adds to $2.85m closed in September 2013. The round was led by Excel Venture Management, and was also backed by existing investors Frontline Ventures and Launchpad Venture Group.
The cash will be used to increase the company’s expansion into the predictive analytics sector, which is estimated to be worth $2bn. Launched in 2008 from Harvard,…
