Intel Capital Leads $35M Investment In Business Analytics Firm Anodot

Intel Capital led a $35 million Series C investment in Israeli autonomous business monitoring company Anodot, bringing the company’s total funding to $62.5 million. SoftBank Ventures Asia, Samsung NEXT and La Maison also participated in the round.

Founded in 2014, Anodot leverages machine learning to monitor an organization’s business metrics and proactively alert on potential issues, tracking more than 400 million metrics daily. Anodot cited an example where a fintech company using Anodot’s solutions was able to detect a drop in payment success rate from a specific payment provider and correlate it with a new API version release. After being alerted by Anodot, the company fixed the glitch and saved some $50,000.

The new capital will support Anodot’s go-to-market activities, and hiring across its global team, the company said. Anodot is headquartered in Silicon Valley and Israel, with sales offices in the UK and Australia.

Clients include Fortune 500 companies in digital business and telecom.

“We strongly believe Anodot, with its machine-learning monitoring solution, is in the position to help organizations save and optimize business costs. Intel Capital has been following Anodot closely and we are excited to see the continued progress of its platform,” said Anthony Lin, vice president and senior managing director of Intel Capital. “Changing market dynamics are going to force companies to become more efficient, and Anodot’s proven ROI model and impressive traction across its enterprise customer base is a game-changer.”

Investment director Roi Bar-Kat led the investment for Intel Capital and will join Anodot’s board of directors.