Texas-based data analytics firm, Lone Star Analysis, has received investment from HCAP Partners. The investment was led by HCAP Partners Principal Nicolas Lopez and Managing Partner Tim Bubnack. The terms of the deal was not disclosed by either of the companies involved.
Lone Star Analysis was established in 2006 by Steve Roemerman. The company today provides analytics software to Fortune 500 companies in aerospace and defense, industrial markets and transportation. The company has over 50 owned or shared patents.
“IoT adoption and the proliferation of AI automation are now requirements across many large enterprises looking for cost reductions and capital efficiency,” said Lopez. “Lone Star’s predictive analytics tools are at the forefront of the industry. As data created by enterprises increases exponentially, companies such as Lone Star, with its leading-edge software applications and strong IP, are poised for solid growth in the years ahead.”
The company is now looking forward to being aggressive in its expansion plans. Lone Star is forecasting a double-digit growth rate for the coming times. The funding will motivate the company to pivot towards software-based solutions as we move towards 2020.