Rancho Santa Margarita data analytics software maker Compellon raised $6.7 million in a Series A funding round led by Beverly Hills-based Kairos Ventures, which committed $5 million.
The proceeds will be used to expand Compellon’s sales department and ramp up software development for its Compellon20|20 prescriptive analytics platform, the company said.
The Kairos investment came with a board seat, which will be occupied by Managing Partner James Demetriades. Compellon also said it recently added independent director and software veteran Cary Moore, who serves as president of a Seattle-area consultancy.
Compellon says its software offers benefits beyond reporting metrics, such as delivering recommendations to improve customer service and loyalty in marketing, manufacturing and operations, among other areas.
The company was founded in 2010 and has raised $11 million, according to San Francisco-based CrunchBase Inc.
—Chris Casacchia
