Intel Capital Leads $11.5M in Series A Funding for Hypersonix

Intel Capital Leads $11.5M in Series A Funding for Hypersonix, an AI-Driven Autonomous Analytics Platform Founded by Former Executives from SAP, PayPal, IBM As reported today in the Wall Street Journal, Hypersonix has received $11.5M in Series A funding led by Intel Capital with participation from existing investors. Hypersonix was founded by successful serial entrepreneur and former SAP executive Prem Kiran, and is led by an impressive co-founding team, including Rama Rao, former MIT research faculty member for advanced analytics, as well as former PayPal and Intuit data executive, and Todd Michaud, a former IBM executive and former president at Retalix. Hypersonix is an autonomous analytics and decisioning platform that is transforming consumer commerce data with artificial intelligence and automation. Amazon Lab126 is among its early customers. The funding comes at a time when IDC predicts worldwide revenues for big data and business analytics (BDA) solutions to reach $274.3B by 2022.