Valuation
$22.5M
2020 Revenue
$7.5M
Customers
250K
Funding
$37.2M
Avg ACV
$30
Team
1K
Founded
2007
How RapidMiner CEO Luke Burns grew to $7.5M revenue and 250K customers in 2020.
RapidMiner is a leading provider of enterprise-grade, open-source data science and machine learning platform. The software platform is designed to help businesses and data scientists extract valuable insights from data and make informed decisions. With a suite of tools for data preparation, machine learning, and predictive analytics, RapidMiner helps businesses to build and deploy predictive models at scale. RapidMiner also offers a marketplace of pre-built models, integrations with popular data sources, and a community of data scientists to help users get the most out of the platform. The company's mission is to democratize data science and make advanced analytics accessible to everyone.
Last updated
RapidMiner Revenue
In 2020, RapidMiner's revenue reached $7.5M. Since its launch in 2007, RapidMiner has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2020 | RapidMiner Hit $7.5m revenue in August 2020 | |
| 2007 | Launched with $0 revenue |
RapidMiner Valuation, Funding Rounds
RapidMiner's most recent disclosed valuation is $22.5M.
RapidMiner has raised $37.2M in total funding across 4 rounds, most recently a $1.2M Venture Round round in 2020.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2020 | Venture Round | $1.2M | - | - | |
| 2016 | Series C | $16M | - | - | |
| 2015 | Series B | $15M | - | - | |
| 2013 | Series A | $5M | - | - |
Founder / CEO
Luke Burns
Luke Burns is listed as Founder / CEO at RapidMiner.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
RapidMiner serves 250K customers.
RapidMiner Employees & Team Size
RapidMiner employs approximately 1K people as of 2026, up from 98 in 2020, including 11 sales reps that carry a quota. It serves 250K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2023 | Reached 1K employees (July 2023) |
| 2020 | Reached 98 employees (December 2020) |
| 2020 | Reached 50 employees (August 2020) |
| 2020 | Reached 104 employees (June 2020) |
| 2019 | Reached 93 employees (December 2019) |
| 2018 | Reached 96 employees (December 2018) |
Frequently Asked Questions about RapidMiner
What is RapidMiner's revenue?
RapidMiner generates $7.5M in revenue.
Who is the CEO of RapidMiner?
The CEO of RapidMiner is Luke Burns.
How much funding does RapidMiner have?
RapidMiner raised $37.2M.
How many employees does RapidMiner have?
RapidMiner has 1K employees.
Where is RapidMiner headquarters?
RapidMiner is headquartered in Troy, Michigan, United States.
Compare RapidMiner to the industry
RapidMiner operates across multiple industries. Browse revenue, funding, and growth data for RapidMiner in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Zeal
Modern payroll for modern work
treble.ai
Treble.ai is an internet based company.
Fadada.com
Operator of an electronic contracts service platform. The company provides an online platform for electronic document signing and certificate services such as electronic contracts signature, documents signature, evidence custody and other electronic related signature.
LawRank
SEO company for lawyers specializing in organic SEO, PPC and web design helping clients rank for competitive, high-traffic keywords
Echobox
Developer of an artificial intelligence platform intended to help online publishers to share content on social media. The company's platform helps news publishers to maximize their reach on social media by detecting viral content and giving suggestions on which articles to share on social networks at specific times, enabling clients to increase sale and save time.
Fulfil.IO
Fulfil.io helps high growth, high volume merchants simplify operations and scale for growth