1 min read.Updated: 01 Jun 2016, 10:45 PM ISTAshna Ambre
BRIDGEi2i is looking to use the funds for development of machine learning based business applications and expansion of consulting teams
Mumbai: BRIDGEi2i Analytics Solutions Pvt Ltd, an analytics solutions company, has raised an undisclosed amount in a series-A (first) round of funding from Edelweiss Private Equity, the private equity and venture capital arm of Edelweiss Financial Services.
The Bengaluru-based company, founded in 2011 by Prithvijit Roy, Pritam Kanti Paul and Ashish Sharma, is looking to use the funds for development of machine learning based business applications and expansion of consulting teams across India and the US.
“Big Data and Analytics is becoming a critically important driver for business success across sectors globally. What is unique about BRIDGEi2i is their differentiated offering that blends analytics expertise with technology and a proven leadership team, which positions them well for a non-linear growth trajectory,"says Pranav Parikh, head of Edelweiss Private Equity.
BRIDGEi2i helps companies in assessing bid data and breaking it into meaningful information to generate actionable insights for complex business problems.
The space is getting a lot of investors attention as well, after a lot of money went into consumer tech companies.
According to Mint research, 71 investments have been made in the enterprise or business-to-business (B2B) start-ups between January and April this year, as compared to 44 last year in the same period last year.