Seattle startup Context Relevant today announced that it has entered into a multi-year agreement with Concur Technologies to bring its advanced data analytics offering to the maker of travel and entertainment expense management software. In addition, Context Relevant announced that it has raised an additional $1.5 million from Madrona Venture Group and angel investors.
Total funding now stands at $2.8 million in the 15-person company, with CEO Stephen Purpura noting that the money will be used “to hire more great engineers because of the value we’re delivering to customers.”
Concur saw that value, saying it chose Context Relevant over other solutions on the market and its own internally built technologies. The Redmond company plans to use the Context Relevant technology to make better sense of the data it is collecting.
“We selected Context Relevant because we believe their advanced analytics solutions will play an important role in helping us to deliver a better experience for our customers,” said Concur Chief Technology Officer John Love. “There is a universal need to bring order to the chaos of travel and make life easier for business travelers.”
In a previous interview with GeekWire, Purpura said that the Context Relevant tools help eliminate “data analysis paralysis” where companies get stuck capturing massive amounts of data, but aren’t quite sure what to do with it.
Previously on GeekWire: Context Relevant rebuffs ‘acquihire’ offers, attracts top data scientists