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Infinite Analytics received funding from Ratan Tata to expand its predictive analytics technology to verticals beyond retail and e-commerce.
Existing investors such as Nikhil Vora of Sixth Sense Ventures and new investors from Silicon Valley and India have also participated in this round.
The company already works with customers including AirBnB, Comcast, B2W Digital, BabyOye, Croma Retail, eBay, Future Group, Infibeam, NBA, NDTV Retail, Trendin, Tata Marketplace amongst many others.
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Infinite Analytics will use the additional investment to strengthen its hiring, scale up in current verticals and to explore newer verticals.
Akash Bhatia, co-founder & chief executive officer, Infinite Analytics, said “It’s a dream come true to have Mr Tata back us. We have grown up admiring and respecting Mr. Tata’s business acumen and this is a great opportunity for us to learn from him directly. His guidance and vision will definitely help us grow Infinite Analytics into an analytics powerhouse.”
The company was born in an MIT class of Sir Tim Berners-Lee, inventor of the World Wide Web. Since its inception in 2012, Infinite Analytics has raised a seed round from various investors across the globe in Australia, Taiwan, India, UK and the USA. It is also backed by Sir Tim Berners-Lee and Deb Roy, Chief Media Scientist at Twitter, who are advisors and investors in the company.
Purushotham Botla, co-founder & chief technology officer, Infinite Analytics said, “We share a common vision about how technology can be used to solve difficult problems in industry and society. We look forward to working with him to uncover promising areas where we can deploy our analytics product.”
