February 26, 2024mTab Secures $15 Million Financing For Continued Growth
LOS ANGELES–ColdLight Solutions, LLC (“ColdLight”), a global leader in applying automated machine learning science and advanced Big Data predictive analytics to drive better business outcomes for large enterprise customers, has partnered with Kayne Partners to accelerate growth and expansion of its business. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. a $24 billion alternative investment firm. Financial terms of the transaction were not disclosed.
Founded in 2007, ColdLight has evolved into a leader in the rapidly growing Big Data analytics market. Its Neuron™ platform empowers businesses of all sizes and across many verticals to translate massive amounts of disparate data into actionable intelligence to make better decisions. ColdLight’s technology is used across a diverse range of business verticals including media, healthcare, financial services, personal data management, customer retention and retail.
“We are really excited to have Kayne Partners on board as we accelerate our growth. They share our passion and vision for technologies that will drive the future of data-driven business,” said Ryan Caplan, ColdLight Founder and CEO. “Their depth and breadth of experience is a great addition to our rapidly growing business.”