Fundraising Fox

Rapidminer

Acquired

Cambridge, US · Founded 2012 · Delaware corporation · 8 known investors

RapidMiner is an enterprise AI and analytics platform that unifies disparate data sources and activates insights through advanced analytics, machine learning, and generative AI capabilities to modernize organizational systems.

Also known as Altair RapidMiner · Rapid-I · YALE (Yet Another Learning Environment)

Founders & leadership

Rapidminer was founded in 2012 by Ingo Mierswa.

IM
Ingo MierswaFounder
PL
Peter LeeExecutive

Board

LBLuke Burns
Luke BurnsinBoard Director2015–2022General Partner at Ascent Venture Partners
JW
Jason WhitmireBoard director
PBPatrik Backman
Patrik BackmaninBoard Member2013–2018General Partner at OpenOcean
NBNilanjana Bhowmik
Nilanjana Bhowmikin𝕏Board directorFounder & General Partner at Converge

Investors · 8

Also in the syndicate · 2

Open OceanleadOpen-Ocean

Reported raises · per SEC filings

Form D private placements

$31.1M disclosed across 2 of 3 rounds · 2013–2015

$16MraisedDec 2015 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ingo MierswaExecutive Officer, Director
  • Peter LeeExecutive Officer, Director
  • Luke BurnsDirector
  • Jason WhitmireDirector
  • Patrik BackmanDirector
  • Nilanjana BhowmikDirector
Offering amount
$16M
Amount sold
$16M
First sale
Dec 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$15.1MraisedMar 2015 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mark BaltierExecutive Officer
  • Jason WhitmireDirector
  • Ingo MierswaExecutive Officer, Director
  • Juergen SendelbachDirector
  • Michele ChambersExecutive Officer
  • Usama FayyadDirector
  • Patrik BackmanDirector
Offering amount
$15.1M
Amount sold
$15.1M
First sale
Feb 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

RapidMiner is an enterprise AI and analytics software portfolio that unifies data preparation, machine learning, knowledge graphs, generative AI and agentic AI. It is positioned to connect siloed data sources, activate "dark data" held in reports and PDFs, allow organizations to continue running existing SAS language code, and resolve complex questions through a unified knowledge graph, with the stated aim of letting organizations modernize existing systems while adopting newer AI technologies.

The portfolio spans several products: Graph Studio, which builds enterprise knowledge graphs with semantic ontologies to federate cross-domain information and give AI agents contextual understanding; AI Studio, a visual drag-and-drop environment for explainable machine learning with AutoML tooling, generative AI integration and interactive data preparation; SLC, which executes existing SAS language programs alongside Python, R and SQL without translation or third-party licenses; Monarch, a no-code self-service data preparation tool for PDFs, spreadsheets, databases and cloud sources with more than 80 pre-built functions and auditable data lineage; Panopticon, for real-time data visualization and streaming analytics; and Knowledge Studio, for explainable decision and strategy trees. Intelligence Center X bundles key elements of the portfolio for industrial AI.

Historically, the core RapidMiner platform provided data loading and transformation (ETL), preprocessing and visualization, predictive analytics and statistical modeling, evaluation and deployment. It is written in Java and offers a GUI in which analytical workflows, called "Processes," are assembled from chained "Operators"; the engine can also be invoked via API, from other programs, or from the command line, and its learning schemes and algorithms can be extended with R and Python scripts or with plugins from the RapidMiner Marketplace. Main components have included RapidMiner Studio, RapidMiner AI Hub and RapidMiner Go, alongside AI Cloud and the Radoop Hadoop integration.

Founding story

The technology began in 2001 as YALE (Yet Another Learning Environment), built by Ralf Klinkenberg, Ingo Mierswa and Simon Fischer at the Artificial Intelligence Unit of the Technical University of Dortmund. In 2006 Mierswa and Klinkenberg founded Rapid-I to drive development of the software commercially, and the product was released as RapidMiner that year.

Business model

RapidMiner licenses commercial data science and analytics software to enterprises, historically combining a freely available, AGPL-licensed Studio edition capped at 10,000 data rows and one logical processor with proprietary Professional and Enterprise editions. The platform follows a client/server model, with the server deployed on-premises or in public or private cloud infrastructures, and a newer multi-tenant, SaaS-ready cloud platform. A Marketplace lets developers publish data analysis algorithms and extensions to the user community.

Revenue comes from proprietary software licensing, with Professional and Enterprise editions sold commercially while a limited Free Edition is distributed under the AGPL; deployments include on-premises servers, private and public cloud, and a SaaS-ready multi-tenant cloud platform.

Traction

The RapidMiner Marketplace lists more than 1.2 million downloads of RapidMiner Studio, with version 10.3.1 released in January 2024. Wikipedia reports millions of total downloads and over 400,000 users, with BMW, Intel, Cisco, GE and Samsung as paying customers, and about 50 developers worldwide contributing to the open-source project. The product carries multiple G2 badges for Spring 2026.

Latest developments

In December 2024 Altair announced an advanced AI agent framework for Altair RapidMiner, and in October 2025 announced an expanded agentic AI and analytics ecosystem for the platform. In May 2025 Altair was named a Leader in the Gartner Magic Quadrant for Data Science and Machine Learning Platforms for a second consecutive year. Following Siemens' March 2025 completion of the Altair acquisition, RapidMiner's website and documentation are published under Siemens, and the current portfolio has been organized around Graph Studio, AI Studio, SLC, Monarch, Panopticon, Knowledge Studio and Intelligence Center X.

Full profile — market position, technology, go-to-market, geography, history

Market position

RapidMiner has been cited by KDnuggets poll respondents as one of the most popular data analytics software packages and was noted for deep, broad modeling capabilities for automated end-to-end model development; the company has claimed market leadership in data science platforms against competitors such as SAS and IBM. It reports millions of total downloads and more than 400,000 users, with BMW, Intel, Cisco, GE and Samsung among paying customers. Its parent Altair has been named a Gartner Magic Quadrant Leader for Data Science and Machine Learning Platforms in 2024 and 2025.

The company positions the portfolio as covering every layer of enterprise AI — knowledge graphs, machine learning and agentic applications working together rather than in silos — with traceability of insights back to source data, auditable models, and production hardening for complex enterprise environments. Distinctive technical capabilities include running existing SAS language programs natively alongside Python, R and SQL without translation or third-party licenses, no-code extraction and preparation of data locked in PDFs and reports, and highly explainable decision and strategy tree modeling. Earlier positioning emphasized a visual, code-free GUI for designing analysis processes and an open-source Free Edition.

Technology

RapidMiner is written in Java and provides a graphical environment in which analytical "Processes" are composed of chained "Operators," each operator's output feeding the next; the engine can also be called via API, from other programs, or from the command line. It supports data loading and transformation (ETL), preprocessing, visualization, predictive analytics, statistical modeling, evaluation and deployment, and can be extended with R and Python scripts as well as Marketplace plugins. The current portfolio adds semantic knowledge graphs with ontologies, AutoML and generative AI integration, SAS language execution combined with Python, R and SQL, streaming analytics and real-time visualization, and decision and strategy tree models, with documentation covering AI Cloud, AI Studio, AI Hub, Radoop and Python integration.

Go-to-market

Distribution combines a freely downloadable Studio edition and community Marketplace that seed adoption among analysts and developers with paid Professional and Enterprise licensing for organizations. Customer references published on the site include DATEV, which migrated from SAS/MXG and integrated SLC in a zCX environment, and appliance maker Mabe. Since the Altair and Siemens acquisitions, the products are marketed as part of a broader industrial AI and simulation software portfolio, including the Intelligence Center X offering.

Large enterprises operationalizing AI and analytics at scale, including data scientists, business analysts and non-technical users served by no-code and visual tooling. Named users and customers include BMW, Intel, Cisco, GE, Samsung, DATEV and Mabe, with the SAS language products aimed at organizations seeking to modernize legacy SAS analytics estates.

Geography

The software originated in Germany at the Technical University of Dortmund and the company later expanded toward the U.S. market. Altair, which acquired RapidMiner, is headquartered in Troy, Michigan, and is now part of Siemens Digital Industries Software; open-source development involved roughly 50 developers worldwide.

History

The software originated in 2001 as YALE (Yet Another Learning Environment), developed by Ralf Klinkenberg, Ingo Mierswa and Simon Fischer at the Artificial Intelligence Unit of the Technical University of Dortmund. From 2006, development was driven by Rapid-I, a company founded that year by Mierswa and Klinkenberg, and the product was first released under the RapidMiner name in 2006. The company rebranded from Rapid-I to RapidMiner in 2013. Altair Engineering completed its acquisition of RapidMiner in September 2022, and Siemens completed its acquisition of Altair for an enterprise value of about USD 10 billion in March 2025; RapidMiner materials are now published under Siemens Digital Industries Software.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Open-source contributorsJan 201950 developers
Pre-built data preparation functions (Rapidminer Monarch)Jan 202680 functions
RapidMiner Studio downloads (Marketplace)Jan 20261,217,205 downloads
UsersJan 2019400,000 users

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 3

by search overlap

Companies competing with Rapidminer for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Oct 2025
Altair RapidMiner expands agentic AI and analytics ecosystem

Press release announcing that the Altair RapidMiner data analytics and AI platform accelerates enterprise intelligence with an expanded agentic AI and analytics ecosystem.

source ↗

May 2025
Altair named a Leader in the 2025 Gartner Magic Quadrant for Data Science and Machine Learning Platforms

Altair, RapidMiner's parent, was named a Leader in the 2025 Gartner Magic Quadrant for Data Science and Machine Learning Platforms for the second consecutive year.

source ↗

Mar 2025
Siemens acquires Altair Engineering, RapidMiner's parent

Siemens completed the acquisition of Altair Engineering, owner of RapidMiner, for an enterprise value of approximately USD 10 billion. Altair is part of Siemens Digital Industries Software, and RapidMiner materials are now published under Siemens.

$10B source ↗

Dec 2024
Altair RapidMiner adds advanced AI agent framework

Press release announcing that Altair RapidMiner unlocks next-level capabilities with an advanced AI agent framework.

source ↗

Jan 2024
RapidMiner Studio version 10.3.1 released

RapidMiner Studio 10.3.1 (656 MB) was released and last updated on the RapidMiner Marketplace on 12 January 2024.

source ↗

Sep 2022
Altair Engineering completes acquisition of RapidMiner

Altair, a provider of computational science and AI software, completed its acquisition of RapidMiner, described as a leader in advanced data analytics and machine learning software. RapidMiner's desktop platform and its newer cloud (multi-tenant, SaaS-ready) platform were positioned to strengthen Altair's end-to-end data analytics portfolio.

source ↗

Nov 2013
Rapid-I rebrands as RapidMiner

The company founded in 2006 by Ingo Mierswa and Ralf Klinkenberg to develop RapidMiner rebranded from Rapid-I to RapidMiner in 2013.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
RapidminerDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Rapidminer do?
Enterprise AI and analytics platform spanning data prep, machine learning, knowledge graphs and agentic AI, now part of Siemens via Altair.
Who founded Rapidminer?
Rapidminer was founded by Ingo Mierswa in 2012.
Who are Rapidminer's investors?
Rapidminer's investors include Ascent Venture Partners, Blossom Street Ventures, Converge, Earlybird Venture Capital, NGP Capital, OpenOcean.
How much funding has Rapidminer raised?
Rapidminer has disclosed $31.1M raised across 2 of its 3 known rounds.
Where is Rapidminer headquartered?
Rapidminer is headquartered in Cambridge, US.