FintekNews Deal of the Day – Amplero Lands $8M

According to the firm’s website, Amplero is “The world’s first truly predictive Customer Lifetime Value Management Platform”.  The firm utilizes machine learning and “multi-armed bandit experimentation” (for those of you who are not software engineers, that is an actual term used in probability theory) to boost customer retention and revenue.  The financial industry is one of several that is targeted for their customer base. 

BTW, here’s a definition of “multi-armed bandit” in Wikipedia. It will make your head spin, but you will appear much more intelligent at your next cocktail party. 

Total Equity Funding
$8M in 1 Round from 4 Investors

Most Recent Funding
$8M Series A on July 14, 2016

Read Full Listing at Crunchbase