MIT spinout and automated statistics technology developer Empirical Systems had raised $2.5m from investors including Hyperplane Venture Capital and Brain Robotics Capital.
Empirical Systems, a US-based automated statistics technology developer spun out from Massachusetts Institute of Technology (MIT), was acquired by business intelligence data visualisation software developer Tableau Software for an undisclosed sum yesterday.
Empirical Systems has created a real-time analytics engine that relies on statistical algorithms to automate the modelling of tabular data forms such as spreadsheets and tables.
The product is marketed as an automated statistician capable of providing insights and reducing the time IT employees spend performing tedious, routine…
