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Foursquare Acquires Geospatial Analytics Platform Unfolded

20May By AnkitaNo Comments

ACQUISITION

Foursquare Acquires Geospatial Analytics Platform Unfolded

NEW YORK, 5/20/2021-- Foursquare announced the acquisition of Unfolded a next-generation platform for geospatial analytics. With the addition of Unfolded’s capabilities to the Foursquare technology stack, enterprises and brands can soon come to Foursquare to not only access its industry-leading location data, but work with that data in an integrated platform for merging, enriching, analyzing, and visualizing spatial data - in whatever environment they choose. “Welcoming Unfolded to the team makes the Foursquare platform more powerful, robust, and accessible to our clients and partners,” said Gary Little, President and CEO of Foursquare. “This acquisition accelerates us toward our ambitious goal of bringing Foursquare Everywhere, and enabling businesses to unlock the true potential of lo...

Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million

17May By PriyankaNo Comments

Market

Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million

Tel Aviv, Israel, 17th May 2021: Digital Analytics firm Similarweb announced the trading of its initial public offering on the New York Stock Exchange. An aggregate of 8,000,000 ordinary shares were sold at a price to the public of $22.00 per share in the offering. Similarweb offered 7,500,000 ordinary shares and the selling shareholder named in the prospectus offered 500,000 shares. In addition, Similarweb has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. Founded in 2009, Analytics firm Similarweb raises $180 million at a valuation close to $1.6 billion. The shares are begin trading on the New York Stock Exchange under the ticker symbol “SMWB.” ...

17Nov By AdityaNo Comments

FUNDING

ActivTrak Raises $50 Million in Funding Led by Sapphire Ventures

AUSTIN, Texas, 17th Nov. 2020-- ActivTrak, a workforce analytics and productivity management software raises $50 million in Series B funding. The funding will use to scale go-to-market activities in sales, marketing, and channels, and expand platform capabilities using AI-driven analytics to help companies better understand and optimize how digital work gets done. With this round, ActivTrak’s raises total $77.5 million in funding. “The move toward remote work has triggered companies to rethink how they measure and analyze employee productivity in today's digital workplace,” said Nino Marakovic, CEO and Managing Director at Sapphire Ventures, who will join ActivTrak’s board of directors. “We're excited to welcome ActivTrak to our portfolio, and to partner with CEO Rita Selvaggi an...

5 Data Analytics Trends That Will Define the Decade

20Jul By AnkitaNo Comments

Tech

5 Data Analytics Trends That Will Define the Decade

With everything that’s been going on in 2020, it’s easy to forget that we’re on the cusp of a new decade. Technology continues to advance, and big data keeps getting bigger perhaps even more so now that many people are stuck at home, using the internet to stay connected more than ever before. Data is proliferating at staggering rate humankind will generate more than 175 zettabytes of data by 2025. Over the next ten years, players big and small are expected to seek ways to implement data science to increase profits and improve operations. Data analytics is a fast-growing and rapidly changing field, but these are some of the most important trends data scientists expect to see in the decade to come. 1) More Smart Stuff It seems like you literally can’t even buy a lightbulb these ...

16Jun By PriyankaNo Comments

FUNDING

Silicon Vally based AI Startup Drishti raises $25M in Series B round of funding

MOUNTAIN VIEW, Calif., June 16, 2020– AI-powered video analytics startup Drishti Technologies raises investment of $25M in Series B round. The round was led by Sozo Ventures, was raised upon demonstrated evidence that Drishti’s AI-powered video analytics, data, and insights bring significant benefits to manufacturers and the people they employ on the factory floor. As part of this round, Uday Sandhu from Alpha Intelligence Capital has joined Drishti’s board of directors. Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, HELLA Ventures, as well as current investors Emergence Capital, Benhamou Global Ventures and Andreessen Horowitz, also participated in the round. Drishti’s Series B financing will fuel its expansion into plants across North A...

13Apr By NitishNo Comments

FUNDING

Locale.ai Raises Pre-seed funding from Better Capital

Location analytics startup Locale.ai has raised a pre-seed round of funding led by early-stage venture firm Better Capital. The funding round also saw participation from notable angel investors such as Myntra's co-founder Raveen Sastry and Fusion Charts' co-founder Pallav Nadhani, Locale.ai said in a statement. The company will use the fresh capital to scale up its business and expand globally, primarily in the US. Locale.ai, operated by LocateAI Technologies Pvt. Ltd, was founded by Rishabh Jain and Aditi Sinha last year. The startup aims to help companies engaged in moving assets to get more sustainable demand using real-time location data and analytics. It is already working with mobility and delivery companies in the US, France, Argentina and India. Aditi Sinha, co-founder ...

Thomson Reuters Acquires Pondera Solutions

19Mar By AdityaNo Comments

ACQUISITION

Thomson Reuters Acquires Pondera Solutions

MINNEAPOLIS and ST. PAUL, Minn., March 19, 2020-- Thomson Reuters announced that it has acquired Pondera Solutions, a leading provider of technology and advanced analytics to combat fraud, waste, and abuse in healthcare and large government programs. However, the financial terms of the acquisition were not disclosed. Thomson Reuters serves government agencies at the federal, state and local level with solutions and resources to improve efficiencies, diminish risk and reduce fraud. The acquisition of Pondera Solutions will enhance the offerings in the risk, fraud and compliance space and will allow Thomson Reuters to expand on its strategic approach to deliver insight through advanced analytics, artificial intelligence and human expertise. "Thomson Reuters and Pondera share a...

10May By Sheldan RungasamyNo Comments

FUNDING

AI Driven Analytics Startup Raises $145 Mn Funding

ThoughtSpot, an artificial intelligence driven analytics company announced that it raised $145 million in a funding round led by existing investors. Investors such as Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst participated in this funding round which witnessed the entry of Sapphire Ventures in the AI firm investors’ team. The funds raised will serve the purpose of upgrading its analytics capabilities, expanding in newer markets such as EMEA and APAC, improve is R&D activities in its centers based in Palo Alto, Seattle, Dallas and Bangalore. Since inception in 2012, ThoughtSpot raised a total of $306 million in funding and the company states to have poured over $10 million to operate efficiently in India. ThoughtSpot also revealed that the $203 b...

PwC India Launch Analytics Platform PwC Insights

26Apr By AnkitaNo Comments

News

PwC India Launch Analytics Platform PwC Insights

PwC India today announced launch of PwC Insights as a Service (PIAS), an advanced analytics platform that drives business outcomes. The platform comes preloaded with data automation and management tools, industry and domain-specific machine learning and cognitive algorithms that will help enterprises and government departments to improve business outcomes. Over the next year, 30 such solutions will be rolled out in the market on a pay-as-you-go engagement model, PwC said in a statement. "With Insights as a Service, we are addressing our clients needs of building next-gen analytics capabilities, with minimal investments in technology and talent," said Raman Bhushan, Partner, Advanced Analytics and Data Science, PwC India.

4Feb By PriyankaNo Comments

ACQUISITION

YASH Technologies Announces Acquisition of the Data Sciences and Analytics Arm of a Hyderabad Based IT Services Company

YASH Technologies, a leading technology services and outsourcing partner for global companies, today announced the acquisition of the Data Sciences and Analytics Arm of a Hyderabad based IT Services Company. This acquisition, while bolstering YASH’s IP footprint would add to the rich talent of Data scientists in the organization. “The acquisition strengthens YASH’s position in providing cutting edge advanced analytics, artificial intelligence, machine learning, augmented reality and Blockchain solutions and services,” said Bala Navuluri, COO, YASH Technologies. He added, “It will enable us to harness these capabilities and platforms to support our customer’s digital transformation journey.” YASH would develop and enhance the Business Process modeling framework, Transformation Platfor...

India’s Leading Advertiser Firm Inmobi Announced Partnership With US Based Analytical Startup Moat

29Oct By AnkitaNo Comments

BUSINESS

India’s Leading Advertiser Firm Inmobi Announced Partnership With US Based Analytical Startup Moat

InMobi, the world's largest independent mobile advertising and discovery platform, today announced a partnership with Moat to offer brand advertisers mobile video measurement and currency through both InMobi Exchange and the InMobi network. The partnership will enable advertisers to measure, among other metrics, "human and viewable" and "human, viewable, and audible" (sound, sight and motion) viewability and attention metrics across all mobile ad formats including mobile video and native advertising, as well as transact on these metrics using Moat Currency. According to Strategy Analytics, worldwide revenue from mobile video will reach $25 billion by 2021. As advertisers shift their digital ad dollars to video, ad viewability is an increasing priority for advertisers. This partnership w...

BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity

1Jun By NitishNo Comments

FUNDING

BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity

BRIDGEi2i Analytics Solutions, a Bangalore based analytics solutions company, announced that it has secured Series A growth capital from Edelweiss Private Equity. The amount has not been disclosed. Edelweiss Private Equity is the private equity and venture capital arm of Edelweiss Financial Services, one of India’s leading diversified financial services conglomerate. With this investment, Edelweiss has acquired a minority stake in the company. Pranav Parikh, Head of Edelweiss Private Equity will be joining the Board of Directors of BRIDGEi2i. Prithvijit Roy, Chief Executive Officer, BRIDGEi2i commented on this development, “This investment will fuel our ability to deliver greater value to customers by enabling us to accelerate the development of our machine learning based business appl...