KXEN, a developer of software that analyses customer data, has raised $8 million (£5.4 million) in a Series D fundraising round.

KXEN, a developer of software that analyses customer data, has raised $8 million (£5.4 million) in a Series D fundraising round.

The San Francisco-based company, which also has offices in Paris and London, raised the money from NextStage Capital, which led the round, XAnge Capital, Sofinnova Ventures, Saints Capital and Motorola Ventures.

Herve de Beublain, president of NextStage, calls KXEN ‘a leader in the fast-growing market of predictive analytics’.

Brian Wilcove, a partner at Sofinnova Ventures, comments, ‘KXEN’s predictive analytics puts a spotlight on which customers to target and which products to sell. We believe that demand for KXEN’s technology is accelerating.’

The company’s clients include Bank of America, Vodafone and Wells Fargo.