IT Services Firm Avekshaa Closes USD 500K from Kitven and Others

ITServices

Bangalore-headquartered IT services company Avekshaa Technologies has raised USD 500,000 from investors including Karnataka government’s KITVEN fund and ex-Infosys CFO V Balakrishnan.

As per ET report, the company will use the new funds to target the United States market and develop technology. The latest round valued the company at USD 8 million and it has plans to enter the Australian market.

Avekshaa is an IT firm, that provides software modelling as a service in order to help businesses optimize their software and the development process by working with their technical teams.

The company has clients such as ICICI Lombard, IndusInd Bank, and HDFC among others. It expects USD 2 million in revenue this fiscal. It offers software modelling as a service to its clients to grow their business profitably by making their IT systems secure and predictable.

Avekshaa, which was founded in 2012 by former Infosys executives, provides solutions in the P-A-S-S (Performance, Availability, Security, Scalability) assurance space to BFSI, telecom, retail, energy and utilities enterprise customers globally.

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