SOMERVILLE, Mass.--(BUSINESS WIRE)--Experiencing massive growth in customer acquisition and demand for Eureqa, the AI-powered “Virtual Data Scientist,” Nutonian made two major announcements to scale its enterprise. Jeff Dickerson, a successful tech entrepreneur, will join the company as CEO, and Chris Lynch, current investor and partner at Accomplice, will join as the company’s Chairman.
Dickerson has 25 years of experience building teams, growing businesses, and launching cutting-edge technologies at small, medium, and Fortune 500 companies. He was formerly Chairman and CEO of The Neat Company, a leading provider of expense management software for small businesses with over two million users.
Before joining Neat, Dickerson was Chairman and CEO of Sonian, a cloud-based archiving solution. Under his leadership, Sonian enjoyed 60 percent year-over-year revenue growth, amassing more than 17,000 B2B customers in 40 countries.
Earlier in his career, Dickerson held a variety of sales and executive roles, including CEO of eCredit, Inc., a provider of credit risk management and collections software, which was acquired by Cortera, a Fidelity company, in 2006. As Senior Vice President of Worldwide Sales and Services at MCK Communications, he laid the foundation for a successful IPO in 1999.
“In the last 10 years, billions of dollars have gone into collecting data, which is great if you’re a storage company, but that data is useless unless someone comes along and lights it up,” said Dickerson. “Nutonian has a unique way – the only fast, automated solution on the planet – to take raw data and make it actionable.
“When I met with [Founder] Michael Schmidt and the rest of the Nutonian team, I was inspired by the power of the technology and its potential applications. I want to put this into as many hands as possible and make data science a core competency at every single organization.”
Nutonian also announced that Chris Lynch will join as the company’s Chairman. Lynch is a partner at Accomplice, focused on investments within the big data, analytics and SaaS markets. As a former CEO and sales executive, he generated over $7 billion in returns by leading successful exits, including Vertica (acquired by Hewlett Packard), Acopia (acquired by F5), and ArrowPoint (IPO and acquired by Cisco).
“Everybody says this company or that company has a chance to do something big,” said Lynch. “But they don't have a ripe market worth billions of dollars and a product that's light-years ahead of the competition. Nutonian has a chance to dominate the enterprise AI and data science markets, which happen to be two of the fastest-growing markets in the entire tech space.”
Rio Tinto, a multinational metals and mining corporation, is using Nutonian’s Eureqa to unearth critical production factors and maintain product quality.
“It’s something special Nutonian has here,” said Marko Litalien, Manager of Pyrometallurgy at Rio Tinto (RIO $51.4B). “We’re going to continue use Eureqa whenever there’s an opportunity.”
Nutonian founder Michael Schmidt, named one of “The World’s 7 Most Powerful Data Scientists” by Forbes, will stay on board as Chief Technical Officer to lead the company’s technical vision and product development.
Nutonian’s machine intelligence application, Eureqa®, empowers business intelligence professionals to do the work of data scientists. Invented by one of the “World’s Most Powerful Data Scientists” (Forbes), Eureqa supercharges data science initiatives by automating the creation and interpretation of predictive models. Nutonian leverages sophisticated evolutionary algorithms to make advanced data modeling simple, fast, accurate, and scalable. For more information, please visit www.nutonian.com or follow Nutonian on Twitter at @nutonian.