Massive information analytics Tredence Analytics Solutions has raised $ 30 million from private equity agency Chicago Pacific Founders for a minority stake, valuing the Bengaluru and Bay Area startup at $ 100 million, said its co-founder Shashank Dubey.
Tredence, which has been Bootstrapped thus far, provides a consulting-led implementation of AI options and counts as world retailers and banks as its purchasers. The funds will probably be used for growth into newer markets corresponding to Europe, Australia, and China and beefing up its supply workforce in India. Trendence employs 650 staff, of whom 500 are in Bengaluru, delivering providers for its purchasers.
“The main focus is on end result based mostly initiatives. We take a consulting-led method and implement the AI-led analytics options for purchasers,” stated Dubey. “We have now bid in opposition to PwC, Deloitte, and Accenture and received contracts.”
Tredence was the winner of the ET Startups Bootstrap Champ Award in 2018. The corporate will shut with an income of $ 33 million in 2020.
Dubey stated that the startup has been successful in bigger and long-run contracts from clients as they have a look at the digital transformation to handle prices in addition to construct their enterprise. (EOM)