Celebal Technologies is a Norwest venture partner-backed IT service provider that secured undisclosed debt from Blacksoil. The company previously secured $32 million from Norwest in its first institutional funding. The company plans to use these fresh proceeds to advance its technology and enhance its platform for better user experience while meeting working capital requirements, and general corporate purposes.
The IT company offers artificial intelligence, data science, and enterprise cloud solutions. The company aims to use a portion of this investment to increase its network and expand in the market. Celebal Technologies is a software consulting IT company that provides managed services to its clients. The startup claims to have over 2000 working professionals serving its client base. Celebal Tech aims to provide the best IT solutions, technologies, and IT services globally.
Celebal Tech also assists its clients with improving business productivity efficiently while providing customized solutions in cloud innovation, data engineering, Artificial Intelligence-driven applications, and supply chain analytics. The startup aims to develop easy, simple, and understandable solutions for its clients that can be easily understood by organizations or an individual. The firm aims to provide AI and cloud solutions that can be integrated with traditional software. These tailor-made solutions help businesses to maximize efficiency and productivity with increased speed and high accuracy. The company offers software development, maintenance, and other IT services to companies in health tech, fintech, or other domains.
This Jaipur-based IT firm reported an annual growth rate of 15 percent in FY24. The startup also announces its workforce expansion from 300 to 2,300 working professionals during the same period. The company has partnerships with other IT enterprises including Databricks and Microsoft. Databricks is a leading data and AI company that announced its acquisition of data management startup Tabular for 1 billion US dollars. As a part of a new operating model, the celeb tech plans to increase its operations in the IT industry and might aim to secure more funding this year to fuel its global expansion. This tech company operates in countries including the USA, India, UAE, Europe, Canada, and APAC.
Conclusion:
Celebal Technologies is an IT service provider that secured an undisclosed debt from Blacksoil, a credit platform. Before this round, the firm raised 32 million USD from Norwest Ventures in its first major funding round. The company plans to use these fresh proceeds to advance its technology and enhance its platform for better user experience while meeting working capital requirements, and general corporate purposes. Celebal Technologies is a software consulting IT company that provides managed services to its clients. The startup claims to have over 2000 working professionals serving its client base. Celebal Tech aims to provide the best IT solutions, technologies, and IT services globally. The firm also assists its clients with improving business productivity efficiently by offering customized solutions in cloud innovation, data engineering, and supply chain analytics. As a part of a new operating model, the celeb tech plans to increase its operations in the IT industry and might aim to secure more funding this year to fuel its global expansion.
