Altocloud, an analytics startup headed by ex-Cisco exec Barry O’Sullivan, today announced it received $2 million in seed funding. Alongside the investment, Altocloud also made its “predictive communications” platform commercially available for customer sales and engagement.
The funding was led by Delta Partners, Digicel Group, and ACT Venture Capital. Altocloud has raised $3 million total in its short life.
O’Sullivan said in the summer of 2013 that he would be leaving his post as a Cisco senior vice president, and he officially exited in early 2014 after 11 years of service. In a blog post announcing his departure, O’Sullivan said his work at Cisco created a great foundation for his next move — “a software company that will change enterprise IT fundamentally.”
It seems Altocloud is that brainchild, a software-as-a-service (SaaS) play that combines machine learning with real-time communications to identify online visitors and provide specific chat, voice, video, and content. (In the off-chance you’re like me and aren’t familiar with “machine learning,” it’s a method that focuses on the construction and study of algorithms. They operate by building a model from sample inputs and, with that, make predictions — hence the “predictive communications” aspect of Altocloud — rather than blindly following static program instructions. You can hear Brocade Chief Scientist David Meyer talk about machine learning in this interview.)
As the first platform of its kind, Altocloud’s product can predict the right time to interact with customers, providing real-time information for businesses. Cloud-based, Altocloud software requires no extra infrastructure to deploy and can integrate with existing marketing automation and e-commerce platforms.