Framed

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Framed.png
www.framed.io
Framed
Type Private
Industry Data Science
Founded 2013
Key people Elliot Block (Founder)
Thomson Nguyen (Founder)
Investors Google Ventures
Innovation Works
Jotter
NYU Innovation Fund
Alexis Ohanian
Charlie Pinto
Garry Tan
Kevin Mahaffey
Klaus von Sayn-Wittgenstein
Paul Buchheit
Sean Byrnes
an AngelList syndicate led by Sumon Sadhu.[1]
Related Certifications Certificate in Data Science Industry Overview

Framed Data is a predictive analytics startup company . The company develops prediction engine that takes up to date informations and give predictions about future user behaviours. In 2015, Framed Data claims it now has over 600 companies signed up as customers that send an aggregate of 2 billion events to process each month. Founder Thomson Nguyen says that Framed Data does not compete directly with data analytics companies like Mixpanel, Flurry, and Amplitude. Instead, Framed Data’s app runs their data through its machine learning models in order to generate predictions about user behavior.[2]

Framed Data aggregates in-app interactions, user engagement on mobile apps or websites, and whatever user demographic information is available. For example, Framed Data is currently working with a social network and makes a note of when users post status updates, interact with other peoples’ statuses, and post their own media and check-ins.

It is based on a predictive analytics platform that answers two basic, but fundamental questions for your business:

1) Why are your customers leaving?
2) When are your customers about to leave?

They use machine learning and model assembling techniques to make user predictions, also abstract all that away behind an easy to use interface and a very opinionated product that only provides dashboards that explains why users are leaving, and an API that explains which users are leaving, when they're estimated to leave, and the reasons why.

On average they say that they save 3-8% in churn per company, which can mean the difference between profitability and ruin. [3]

Controversies

None

History

The company was found in the year 2013 by Elliot Block and Thomson Nguyen. In January 2014 and December 2014, the company has raised funds from 14 investors of approximately $2M as 2 Rounds. Later, Framed was acquired by Square in March 14, 2016[4]

Top 5 Recent Tweets

DateAuthorComment
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Top Recent News Headlines

1.Framed Data Team Joins Square March 14, 2016 The Framed Data team will work on Square Capital, building models that allow to further extend financing to businesses, including those that would otherwise find it difficult or impossible through traditional banking. This approach helps accelerate growth for underserved businesses and empowers them to increase participation in their local economies.


Top Lifetime News Headlines

1.Predictive Analytics Startup Framed Data Raises $2M To Help Developers Understand User Behavior.[Dec 11, 2014]. It raised $2 million in seed funding. Investors include Google Ventures, Innovation Works, Jotter, NYU Innovation Fund, Alexis Ohanian, Charlie Pinto, Garry Tan, Kevin Mahaffey, Klaus von Sayn-Wittgenstein, Paul Buchheit, Sean Byrnes, and an AngelList syndicate led by Sumon Sadhu. The capital will be used to hire engineers with experience in distributed systems, machine learning or data visualization, as well as grow Framed Data’s sales team.

2.Framed Data claims it now has over 600 companies signed up as customers that send an aggregate of 2 billion events to process each month. [Dec 11, 2014]


References

https://techcrunch.com/2014/12/11/framed-data-seed/
  1. http://techcrunch.com/2014/02/03/framed-data/
  2. http://framed.io/
  3. https://nyuad.nyu.edu/content/dam/nyuad/departments/engineering/documents/angel-rising-presentation/framed-data.pdf https://angel.co/framed-data
  4. https://techcrunch.com/2016/03/14/square-brings-on-the-team-behind-framed-data-a-predictive-analytics-startup/

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