Singapore-headquartered Big Data analytics startupAureus Analytics Pvt Ltd, has raised more than Rs 5 crore (around $850,000) in funding from a clutch of individuals through LetsVenture, an online platform that connects startups with accredited investors.
The funds will be used to enhance the company’s product development, besides expanding its engineering and business teams, it said in a statement.
The round was led by Steven Sule, partner at Mumbai-based Naste Advisors and others include Google India head Rajan Anandan, Murugappa Group scion Arun Venkatachalam, and Arihant Patni, managing director of The Hive India.
Early this year DataRPM, the industry pioneer in cognitive business intelligence, closed a $5.1 million Series A funding round led by InterWest Partners and joined by CIT GAP Funds. DataRPM changes the way individuals work with data, making analytics more accessible and easier to use by solving the two main barriers to the adoption of data analysis – time consuming data modeling and usability.