ScoreData Corporation

ScoreData Corporation provides advanced predictive solutions that utilize machine learning to enhance customer engagement for mid to large enterprises, focusing on several key industries. Founded in 2014 in Palo Alto, US, ScoreData Corporation specializes in predictive analytics to improve business operations. The company was co-founded by Moidin Mohiuddin, Prasanta Behera, and Vas Bhandarkar, with the latter currently serving as CEO. In December 2020, ScoreData raised USD 500,000 in a Series A funding round led by Impact Venture Capital, bringing the total amount raised to USD 500,000.

The company has completed 3 deals to date. ScoreData specializes in predictive solutions that leverage dynamic machine learning to enhance customer engagement for mid to large enterprises. Their core offering is the ScoreFast predictive solutions platform, designed to create self-learning models that continuously adapt to changing data inputs with minimal manual intervention. This platform integrates diverse data sets, enabling businesses to improve critical operational metrics such as customer experience, revenue collection, and recruitment efficiency.

Key industries served include banking, financial services, insurance, healthcare, and retail, with enterprise clients utilizing ScoreData’s solutions to streamline processes and achieve superior outcomes. ScoreData generates revenue through a subscription-based model, providing access to its ScoreFast platform and related services. Clients engage in agreements that typically encompass tiered subscription plans tailored to their specific needs, such as data ingestion and model management capabilities. The pricing structure accommodates both small-scale deployments and extensive enterprise-wide implementations.

Additional revenue streams may arise from consulting services that assist clients in optimizing their data strategies and predictive modeling efforts, often structured as annual contracts for long-term partnerships. In December 2020, ScoreData Corporation raised USD 500,000 in a Series A funding round to support future growth. The company is focused on enhancing its ScoreFast platform with upcoming features aimed at improving user engagement and predictive accuracy. Plans for geographical expansion target North America, Europe, and parts of Asia, with a goal to enter new markets by the end of 2023.

The recent funding will be allocated to product development and expanding the workforce to support these initiatives.