Tuesday, March 21, 2017

BIG SQUID SECURES $3M IN SEED FUNDING

written by A year after announcing Domo’s investment, Big Squid reports $3 million in seed funding from two top VC Firms

Salt Lake City, UT, March 20, 2017

Big Squid, a leader in predictive analytics and machine learning with their Predictive Toolkit™ software platform, has successfully closed $3 million in seed funding, led by Silverton Partners and Kickstart Seed Fund. “Our goal of putting advanced forecasting capabilities via machine learning in the hands of decision makers is happening,” said Chris Knoch, CEO of Big Squid. “Our customers can make smarter decisions with their data, faster. There is a sea change going on in the way businesses use their data, and this news further affirms the market’s desire to see it happen.’

He continued, “We are truly excited to add Kickstart and Silverton to our team. Kickstart is the premier seed fund in Utah, and has an incredible track record of picking innovative solutions out of the Silicon Slopes. I’ve known Mike Dodd for years; the expertise he and Silverton bring to the table is game changing. We could not be happier with our new team.”

Big Squid’s Predictive Toolkit puts the power of predictive analytics in the hands of the business user and decision maker, allowing the organization to gain insight on future trends and project with greater certainty. With Predictive Toolkit, organizations can construct predictive models in three easy steps, explore different “what if” scenarios and allow them to forecast key business metrics to make smarter decisions faster.

“Big Squid is supercharging business intelligence tools by making predictive analytics accessible to the business user,” said Dalton Wright, Partner at Kickstart Fund. “This round of funding will help accelerate the adoption of Big Squid’s Predictive Toolkit in the enterprise.”

Big Squid specializes in all aspects of Business Intelligence, Data Sciences, and Predictive Analytics. With more than 400 strategic implementations under their belt, Big Squid develops and implements innovative data science solutions that enable business users to identify and answer their key business questions faster.

“Having worked with Chris at Omniture, I couldn’t be more excited to invest alongside him and his team. Their approach to predictive analytics and A.I. has shown to be unique and very differentiated,” said Mike Dodd, General Partner at Silverton Partners. “Big Squid’s early customer traction and product market fit are evidence of the large opportunity in front of them.”

The funding marks an exciting and transformative period for Big Squid as it welcomes Dalton Wright (Kickstart Seed Fund), and Mike Dodd (Silverton Partners) to its Board of Directors. Domo, provider of The Business Cloud – the world’s firm platform for business optimization, will remain an investor in the organization.

To learn more about Big Squid’s Predictive Software Platform and Data Consulting services please visit www.bigsquid.com

If you would like more information about this topic, please contact

Melissa Kirkeide, Director of Marketing at Big Squid, Inc.

312.662.3585

mmorsi@bigsquid.com




Thursday, June 02, 2016

Colony American Finance partners with Big Squid to harness the power of its Predictive Toolkit™ from the Domo appstore.

written by The partnership marks Colony American Finance as one of several early adopters of the predictive analytics software.

Salt Lake City - June 2, 2016 - Today Big Squid announced that Colony American Finance, a provider of acquisition loans, long-term debt financing for portfolios, and nonrecourse residential real estate financing for investors, has partnered with Big Squid to be among its first customers to leverage the company's Predictive Toolkit™, a forward-looking software application built on Domo's business optimization platform. The Toolkit puts the power of predictive analytics into the hands of business users, allowing organizations to scale their data scientist resources and leverage their data to form insights on future business trends and projections.

As a company fully leveraging cloud-based technology, the team at Colony American Finance recently implemented the Domo platform to acquire, integrate, disseminate, and synthesize data points from platforms like Salesforce, Facebook, Pardot, Twitter, LinkedIn, Zillow, and other critical business, financial, and marketing applications.

"In addition to the announcement of The Business Cloud at Domopalooza earlier this year, one of the other exciting developments is the development of the Big Squid app for Domo, which provides fully-integrated predictive analytics capability to further enhance our business intelligence program," says Matthew March, CIO at Colony American Finance. "Enabling predictive analytics and machine learning is the ultimate goal of any advanced business intelligence program. We are excited to be an early adopter of this powerful platform that will empower Colony American Finance to further leverage one of our most important assets - our data."

Big Squid announced the Predictive Toolkit™ beta release earlier this year at Domopalooza, Domo's annual user conference. Chris Knoch, CEO at Big Squid, highlighted the capabilities of the app on the main stage and announced the availability of the Toolkit within Domo's Appstore. Colony American Finance is among several early adopters of software, and Big Squid is leveraging input from companies such as Colony American Finance to rapidly enhance the robust predictive app to help executives gain greater insight in planning the future of their business.

"We're delighted to have Matthew and the team at Colony American Finance as one of our early customers of the Predictive Toolkit™," Knoch said. "Matthew has been full-steam ahead since seeing the Toolkit at Domopalooza, realizing the app can apply predictive modeling across multiple business channels, all within Colony's existing Domo framework. We're thrilled to be working together."

Recently Domo launched the Domo Appstore with more than 1,000 business management apps. These apps are a mix of free and premium pre-packaged solutions that are easy to discover and use, enabling any decision maker to get real-time answers to their specific business questions.

"Domo and Big Squid have partnered together to engineer a powerful, fully-integrated solution that provides ease of use, a robust user interface, and a solid customer experience," states Vurn Saeturn, Sr. Business Intelligence Architect at Colony American Finance.

About Colony American Finance:

Colony American Finance is a specialty finance company that provides a range of debt products to residential real estate investors. The company offers portfolio and single asset term loans for stabilized rental properties as well as short-term credit lines for acquisitions. CAF was founded in 2014 to finance single family, townhome, condo and small multifamily properties for customers nationwide. Its products are tailor-made for investors and it provides attractive rates, rapid timeline, and closing certainty. The company works directly with borrowers as well as with brokers and correspondent partners. For more information, visit www.colonyamericanfinance.com.

About Big Squid:

Big Squid specializes in all aspects of Business Intelligence, Data Sciences, and Predictive Analytics. The company is a Premier Domo Partner that develops and implements innovative solutions that assist business users in identifying and answering their most key business questions, and has successfully engaged over 300 customers on strategy Domo deployments. For more information, visit www.bigsquid.com.

The Predictive Toolkit™ is an official trademark of Big Squid, LLC.




Friday, April 08, 2016

BIG SQUID ANNOUNCES "PREDICTIVE TOOLKIT" APP FOR DOMO APPSTORE, BRINGING ITS PREDICTIVE ANALYTICS EXPERTISE TO THE BUSINESS CLOUD

written by BIG SQUID ANNOUNCES "PREDICTIVE TOOLKIT" APP FOR DOMO APPSTORE, BRINGING ITS PREDICTIVE ANALYTICS EXPERTISE TO THE BUSINESS CLOUD

Salt Lake City - April 8, 2016 - Big Squid has announced the official release of its Predictive Toolkit™, a forward-thinking app that puts the power of predictive analytics in the hands of business decision makers, allowing organizations to gain insight on future trends and projections with less intervention from hard-to-find data scientist resources. With the Toolkit, businesses will be able to construct predictive models in three easy steps that explore "what if" scenarios, allowing them to forecast key business metrics and make better-informed decisions.

The release of the Predictive Toolkit™ marks Big Squid as one of the first content developers to join the Domo App Publisher Partner Program and contribute to the Domo Appstore, which now features more than 1,000 apps. The company highlighted the capabilities of the Predictive Toolkit App on the main stage at this year's Domopalooza. Chris Knoch, CEO at Big Squid, is excited about the overwhelming response that the Toolkit has already received.

"As an implementation partner for more than 250 Domo deployments, we saw an opportunity to extend additional analytics capabilities to customers," Knoch said. "Domo's Appstore ecosystem offers us the ability to bring a solution, developed by some of the industry's top data scientists, to Domo's growing customer base. Now they can harness the power of their data to build sophisticated predictive analytics models and more intelligently forecast the direction of their business without having to hire an army of hard-to-find data scientists."

On Wednesday, March 23, the third day of the conference, Knoch led Big Squid's seession, "Better Than a Magic 8 Ball: Predictive Analytics in Domo," along with Matt Belkin, Domo's chief analytics officer and general manager of the Domo Appstore and Jeremy Morris, Domo's senior data scientist.

During the sessions, the team educated attendees on the ability of Domo's platform and the Predictive Toolkit™ to gain predictive insights from existing data in an effort to guide critical business decisions. They also highlighted the capabilities and functionalities of the app itself.

"We are blown away by the innovation that our app publisher partners are delivering to the Appstore," said Belkin. "Partners such as Big Squid are leveraging their expertise to create exceptional apps that make Domo truly essential for every business decision maker."

With 2016 marking its second year, Domopalooza aimed to educate attendees on how to most efficiently leverage data and Domo to change the way they manage business. Big Squid had a large presence at this year's event, and the company maintained a booth where attendees had the opportunity to learn more about Big Squid's Predictive Toolkit™ and to view a live demo of the app itself.

To learn more about Big Squid's Predictive Toolkit™ or to reserve your spot in line for the beta, visit www.bigsquid.com/beta.

About Domo:

Domo helps every employee - from the CEO to the front line worker - optimize business performance by connecting them to the right data and people they need to improve business results. The company is backed with more than $500 million from the world's best investors and is led by a management team with tenure at the world's most well-known technology companies. For more information, visit www.domo.com.

About Big Squid:

Big Squid specializes in all aspects of Business Intelligence, Data Sciences, and Predictive Analytics. The company is a Premier Domo Partner that develops and implements innovative solutions that assist business users in identifying their key business questions, and has successfully engaged over 300 customers on strategic Domo deployments. For more information, visit www.bigsquid.com.

Predictive Toolkit™ is an official trademark of Big Squid, LLC.