Alicorn Global Ventures has completed an investment of up to $3 million in Anodot, a global software company recently included in Forbes’ Top 20 Machine Learning Startups to Watch. A leading vendor in the fast-expanding AI analytics space, Anodot is helping companies such as Vimeo, Atlassian, and T-Mobile to leverage artificial intelligence to surface business incidents much faster and prevent loss.
Anodot’s Autonomous Business Monitoring leverages patented machine learning algorithms to independently monitor metrics and detect anomalies in real time, correlating related anomalies across the business – a game-changing capability for companies who operate at scale. Customers use Anodot to reduce their time to detection by as much as 80 percent, consequently safeguarding revenue, minimizing operational costs, and improving customer experience.
Anodot is headquartered in Israel and Silicon Valley, with satellite teams located worldwide, and is entrusted by Fortune 500 companies in finance, telecommunications, and digital enterprise.
Alicorn is the London-headquartered venture capital arm of Arowana. Anodot represents the second investment in its Israel venture capital strategy this year, following its $6 million investment in Glassbox in June. The team’s expertise lies in secondary investments and bespoke primary funding rounds in VC-backed technology companies at a late growth stage. Alicorn works with these companies, their existing venture capital investors, and other stakeholders to facilitate secondary investments to solve liquidity requirements in addition to participating in unique primary rounds.