New Jersey HQed Big Data startup Axtria, which also has an office in Gurgaon, India, today closed a $30 million Series C funding round, led by Helion Ventures, to expand its services into new verticals and push for a userbase growth.
The company helps business make better, more informed decisions and offers a series of data analytics applications and services on the cloud. The company has more than sixty clients with over 10,000 individual users among them. Based in the US, it spans a range of industries which include pharmaceuticals, banking, healthcare, financial services and high-tech.
Sanjeev Aggarwal, co-founder and senior managing director at Helion, will be shortly joining Axtria’s board.
According to Axtria CEO and co-founder Jassi Chadha, the company aims to use embed analytics to essentially help run businesses in a more effective manner. He says that using trapped data from corporate systems and coming from new areas like internet-of-things (IOT), the company wants to help other firms make better decisions.
Chadha says that the invested amount will be put to use in developing new products and hiring more professionals. The current head-count of the firm is 400 people and the board tends to increase it to 5,000-10,000. Most of the new hires will be sales and marketing staff to help expand the company’s reach worldwide.
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