Home >Companies >DataRPM raises over `31 crore to expand Bangalore research operations

Bangalore: Big data analytics company DataRPM Corp. has raised $5.1 million (around 31.2 crore today) from investors InterWest Partners Llc and CIT GAP Funds as it looks to expand its research operations in Bangalore.

DataRPM uses a natural language query-based platform to source and analyse big data. Natural language processing is a field of artificial intelligence that allows for systems to interact with human beings using natural conversational language.

“By lowering the cost of ownership and emphasizing usability, DataRPM is making business intelligence a no-brainer," Khaled Nasr, partner at Bay Area-based venture capital fund InterWest, said in a statement on Wednesday. “Their combination of affordability and ease-of-use creates the opportunity for companies of all sizes to get meaningful insights from their data."

The company was founded in January 2012 by data scientists Shyamantak Gautam, Ruban Phukan and Sundeep Sanghavi.

“The biggest thing that we do for businesses is to make a big data business solution that is usable by anyone in any organization. Users can just use the Q&A format to retrieve data," said Phukan, chief product officer at DataRPM.

The company is headquartered in Washington DC and serves more than 30 enterprise clients across the US. Its research and development center in Bangalore has more than 20 data scientists working on product development.

“With this round of funding, we would like to increase the size of our R&D team by two fold in Bangalore," said Gautam, chief technology officer at DataRPM.

DataRPM earlier raised $800,000 as seed funding from CIT (Center of Innovative Technology) GAP Funds and other individual angel investors in November 2013.

Phukan estimates the market size of the big data analytics sector at almost $36 billion. Other companies that have created similar products for big data analytics are ClearStory Data, another Indian founded company that’s backed by Kleiner Perkins Caufield and Byers, Google Ventures, and Andreessen Horowitz; and Looker, backed by Redpoint Ventures and First Round Capital.

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