NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Operations technology startup Predictive, Inc. announced the acquisition of 2338 Technologies, an early-stage, privately-backed startup developing advanced machine learning technologies. The purchase price was not disclosed.
As part of the transaction, 2338’s Founder and CEO, Carl P. Evans III, JD, MBA, has agreed to join Predictive, Inc. as Co-Founder, Chief Product Officer, and Corporate Counsel. Evans brings over 15 years of software, hardware, robotics, machine learning development, and technology management experience to Predictive. Prior to founding 2338, Evans was an intellectual property lawyer in Sidley Austin’s technology transactions practice, where he advised Silicon Valley startups and some of the world’s largest technology companies. He is also a registered patent attorney.
“We are thrilled that Carl has joined the founding team at Predictive – he brings a unique collection of skills, talent, technology, and know-how we need,” said CEO Raj Sultanian, JD, MBA.
The acquisition marks a six-year homecoming for Evans and Sultanian, who last worked together on early-stage Internet of Things (IoT) startup SmartSense Technology when they were both JD-MBA candidates at Northwestern University’s Kellogg School of Management and Pritzker School of Law.
2338’s technology will power PredictiveOps, a unique SaaS application that will transform language in hedge fund documents and regulatory filings into useable data for operations planning and automation. PredictiveOps’ revolutionary conditional reasoning engine will use this data to understand action and decisions, saving time and cost associated with increasingly manual processes in private fund operations. The product is scheduled to exit private beta next month.
To join the wait list for an access code, please visit PredictiveOps.com/signup.
About Predictive, Inc.
Predictive, Inc. simplifies operations through artificial intelligence. PredictiveOps, the company’s first commercial product, will use predictive technology to streamline hedge fund operations by transforming complex legal and regulatory language into usable data for operations automation and planning. Using a revolutionary conditional reasoning engine, PredictiveOps will not only structure language to be useful data, but understand how the resulting data affects actions and decisions, saving valuable human capital to focus on solving what machines cannot.
About 2338 Technologies, Inc.
2338 Technologies, Inc. is a software company on a mission to use machine learning technologies to improve everyday life by automating mundane, repetitive tasks.