Flytext, Customer data analytics firm, has got $11 million by DAH Beteiligungs GmbH, cofounders of German Software Firm SAP and associated with the family office of Dietmar Hopp.
Funds will utilize for software products
The company has perception for the utilization of this fund to invest it in development of software products, execution of its order book more than Rs 500 crore, and covering other verticals as well.
Flytxt provides an enterprise level customer data analysis product which can take input, process and analyze a large quantity of user data to come up with actionable insights. The products additionally have worked in applications to use these bits of knowledge for digital services and digital client engagement.
Flytxt’s Services and offices
More than 50 telecom organizations and other ventures have employed this item in more than 40 nations. The organization guarantees that use of its products will create a measurable economical value of up to 7% for endeavors. Its headquarter is situated in Netherlands while it has also established its offices in India and Dubai with local presence in London, Paris, Singapore, Mexico City, and Nairobi.
The fund will help company to serve more efficiently
Chief executive and founder of the company, Dr Vinod Vasudevan said that, “This investment will help us to serve our customers more efficiently as well as invest in R&D, and grow faster through cloud offerings and channel partnerships”. Vasudevan, a graduate of IIT Kharagpur, headed the integrated service division at Reliance Communications is preceding this startup.
Other Startup In Data Analytics Sector That Also Raised Funding Round
Other company that deals in the data analytics sector is Intelligence Node Consulting Pvt Ltd which got $0.75 Million of fund by BlackSoil Capital, non-banking financial company this year.
Also in month of February of this year, when Connaizen, data analytics startup, had acquired a funding from former group chief operating officer at Kotak Mahindra Group and former Asia Pacific O&T head at Citigroup, Vikram Sud.