(CORRECTION: Description of Accenture was changed from BPO powerhouse to Global consulting powerhouse.)

Predixion Software, a predictive analytics solutions provider, announced today that it had raised US$20 million in Series C funding. Global consulting powerhouse Accenture was the lead investor in the fundraiser, while other investors include DFJ Frontier, EMC, Palomar Ventures, and Miramar Venture Partners.New investors GE Ventures and Frost Venture Partners also participated in the round.

Predixion Software focuses on the development of portable predictive software through its "Machine Learning Semantic Model (MLSM)". Headquartered in San Juan Capistrano, California, the company's products have been used by nearly 200 firms in 53 countries around the world..

"We are pleased to join forces with Predixion Software to offer our clients' business users new intuitive data analytics and collaboration solutions," noted Sajid Usman, global managing director for technology at Accenture Analytics.

"The end-to-end capabilities we're building will make it more cost effective for our clients to turn data into insights, actions, and ultimately business outcomes. Our investment in Predixion is part of our ongoing strategy of bringing capabilities to our clients that cover the full analytics value chain and help them move forward on their Analytics Journey to ROI," Usman explained further.