Axtria, a player in big data analytics, has raised $30 Million series C round of funding. The round has been led by Helion Venture Partners, with an investment of $15 million.
The company provides consulting, outsourcing and technology solutions to help companies make better data-driven decisions in functions like sales, marketing and risk management operations. Silicon Valley venture capitalist ‘Desh’ Deshpande along with existing investors Amar Sawhney, Rick Braddock and Fred Khosravi have also participated in this round with Helion.
The raised capital will be used to accelerate hiring, build a sales force, increase marketing, develop products and expand markets including new verticals and geographies.
Founded in 2010, by Jassi Chadha and Navi Chadha, Axtria is a Big Data Analytics company which combines domain knowledge, analytics and technology to help clients make better data-driven decisions. It has developed proprietary analytical applications like SalesIQ, MarketingIQ and RiskIQ. These applications get embedded in customer platforms, delivering insights at the point of decision.The key solutions areas include Sales Operations Management, Marketing Operations Management, Data and Technology, Customer Operations Management, and Risk Management.
Commenting on the matter, Jassi Chadha, Co- founder, Axtria, maintained, “This is a very exciting time for Axtria and our partners. We will continue to experience tremendous success and demand for our data analytics solutions from across the industry verticals we operate in. We have thus far been funding the business with private capital. We are very proud to add Helion as a partner in our journey to build one of the largest companies in the data analytics industry. We’ll benefit immensely from the expertise of Sanjeev and other Helion team members in scaling business and managing growth.”