The next level is getting closer.

Just fill out this short form. We’ll quickly reach out to schedule a demo.

DecisonNext News and Releases

Press Release: DecisionNext Announces $7 Million Series A to Grow Dynamic Forecasting Platform

Published by Travis Martin June 03, 2019

Funding will expand sales & engineering teams, R&D efforts

 

SAN FRANCISCO - May 23, 2019 - DecisionNext, the global SaaS leader in dynamic commodity market forecasting and prescriptive analytics, has announced a $7 million Series A funding round to fuel growth. The funding round was led by Dalus Capital.

 

DecisionNext enables the world’s largest food and natural resource companies to create risk aware purchasing, pricing, and sales strategies. DecisionNext software applications enable users to create dynamic and robust forward looking views of commodity markets, then translate those market views into actions the business user should take to fully monetize the forecast.


Recognizing the unique needs for commodity market forecasting and the incredible value to be captured by operating companies who frequently make high value decisions, the co-founders sought to build a platform applying innovative analytics to these segments.


“If you listen to earnings calls by publicly traded companies across food and natural resources, you’ll notice that market risk is front and center, because its central to their ability to consistently deliver profit against projections. Giving these executives powerful tools to simulate markets allows fine tuning of tactics to hit a number, while quantifying the risk of not hitting it,” noted Mike Neal, Co-Founder and CEO of DecisionNext.


Powered by proprietary machine learning algorithms, DecisionNext allows market experts to bring together the best of human and machine intelligence to improve market visibility and forecast accuracy through transparent, interactive software. By quantifying risk, decision-makers can more effectively make high value, high frequency decisions across purchasing, pricing, and sales functions.


“Commodities companies know that analytics can give them a competitive edge, by delivering some combination of increasing revenues, reducing costs, and improving customer service. Our solutions help market players thrive, and we are excited to put this Series A round to work to create value in commodity industries,” added Neal.


Anglo American, a DecisionNext customer, has reaped the benefits of the platform. “We realised that the rise of big data along with the increased complexity of commodity markets required a step change in the way we do analysis. Working with DecisionNext has allowed us to make this leap to really see which agents are driving today’s prices, enabling our sales and trading teams to make truly risk-aware decisions,” shared Chris Atkinson, Manager of Market Analysis, Thermal Coal.


DecisionNext will use the funding to expand its sales and data science teams as well as R&D and engineering. DecisionNext has a commercial presence in North America, Asia Pacific, and Europe that will continue expanding.


“DecisionNext has developed a unique solution that will change the way commodities are bought and sold. Now that the market has demonstrated an appetite for the product, the time is right to step on the gas and help DecisionNext become the gold standard. Mike and his team are the right people to get the job done.” noted Diego Serebrisky, Managing Partner of Dalus Capital.

 

About DecisionNext

DecisionNext enables the world’s largest companies to make risk aware purchasing, pricing, and sales decisions in commodity markets through dynamic forecasting software. Powered by proprietary machine learning algorithms, the platform aggregates hundreds of data series, quantifies market risk through probabilistic forecasting, and increases forecast accuracy. The interactive & transparent platform provides real time validation of forecasting models and back testing of market decisions with the flexibility to simulate market scenarios and test market hypotheses.For more information, go to DecisionNext.com.


About Dalus Capital

Dalus Capital’s vision is to support the best entrepreneurs in Mexico and Latin America that are creating high-growth companies, based on innovative technologies or business models. These companies, together with the capital and experience Dalus Capital contributes, can grow their business and earn recognition as some of the region’s greatest success stories. Dalus Capital is a member of the Draper Venture Network (drapernetwork.com), an organization of independent investment funds from 4 continents which collaborate and co-invest in projects. Dalus Capital is led by Diego Serebrisky and Rogelio de los Santos, and has offices in Mexico City and Monterrey. More information is available at daluscapital.com.

 

Media Contact:

Travis Martin, Marketing Manager

Email: travis.martin@decisionnext.com