Othot Inc. recently raised $1.32 million of venture funding in the form of convertible debt from undisclosed investors, according to PitchBook. The Pittsburgh developer of cloud-based software designed for predictive analytic services has raised $8.83 million to date.
Founded in 2014, Othot’s cloud-based platform offers business advisory services using predictive analytics, data intelligence and assessments that merge data science with advanced analytics, enabling higher education organizations to discover insights from their data and improve their retention rate.
The company is led by President and CEO Fred Weiss who was appointed to the role in February. Andy Hannah, the founding CEO, is helping the business develop industry partnerships as co-founder, board member and chief partnership officer.