AlgoTrace

Company Overview

Snapshot

Founded in January 2016, AlgoTrace operated with 1–10 employees. The company raised $720,000 across one funding round. AlgoTrace was acquired by QualiTest Group in December 2019.

Business overview

AlgoTrace provides data analysts and data scientists with solutions designed to simplify and accelerate prediction-modeling processes. The company's software tool helps organizations make decisions using clear inputs based on facts and patterns discovered by its prediction engine. AlgoTrace's solution aims to accurately predict the success or failure of campaigns prior to launch, serving industries that leverage data analytics, machine learning, and artificial intelligence within the Business Software sector.

Strategic signal

In December 2019, AlgoTrace was acquired by QualiTest Group, a move that integrated AlgoTrace's machine learning capabilities into QualiTest's software testing services. This acquisition signaled a strategic expansion for QualiTest into advanced AI-driven solutions, enhancing their offerings with predictive analytics for enterprises and marking a successful exit for AlgoTrace.

Company Intelligence Q&A

What is AlgoTrace's primary focus?

AlgoTrace focuses on providing prediction-modeling and optimization tools for data analysts and data scientists, simplifying and accelerating their processes.

When was AlgoTrace founded?

AlgoTrace was founded in January 2016.

What was a significant corporate milestone for AlgoTrace?

AlgoTrace was acquired by QualiTest Group in December 2019, integrating its machine learning capabilities into QualiTest's software testing services.

How much capital did AlgoTrace raise?

AlgoTrace raised a total of $720,000 across one funding round. This funding was secured prior to its acquisition by QualiTest Group in December 2019.

What product does AlgoTrace offer?

AlgoTrace offers products such as QuantML and AlgotraceML, which are designed to help organizations make data-driven decisions using prediction engines.