E6data is a data infrastructure startup that develops computation engines for data intelligence platforms and offers data solutions to enterprises. The startup secured 10 million USD in its series A funding round from venture capital firm Accel. The funding round saw the participation of several private investors including Beenext. The startup plans to use these fresh proceeds to scale its operations, enhance its platforms, hire more talents, and improve its research & development.
The company aims to increase its customer reach and onboard more clients. The platform allows businesses to utilize the compute engine and enhance the return on investments in existing infrastructures while removing the ecosystem lock-in. The application requires no data movement, downtime, and migration, making adoption seamless through a user-friendly interface.
The company intends to strengthen its market presence while increasing customer reach across the data infrastructure sector. Entrackr reported. The Bengaluru startup is strengthening its design partner program while offering solutions as a managed service with professional services and full production support for enterprise customers’ most demanding use cases.
The CEO of e6data, Vishnu Vasanth told ET in an interview that enterprises ahead of the curve in data maturity are more dominant in their industries because they use analytical platforms to study unstructured and semi-unstructured data. The rise in generative artificial intelligence is pushing companies to utilize internal data to meet demand in the analytics and AI space which is competitive for startups like e6data.
The investment shows Accel’s trust in the startup’s market potential and business model. The startup uses deep experiences from 100 large-scale data platforms with an expert team including Microsoft, IBM, Cisco, SAP, and ThoughtWorks. The platform uses cutting-edge and advanced technologies to enhance its technologies.
This data intelligence startup claims to serve around 10 enterprise customers. The company expects growth with rising demand for compute engines across high-volume data products and gen AI applications. The platform uses artificial intelligence and advanced technologies to provide real-time data analysis.
The company also offers services like advanced real-time analytics. It plans to expand its categories using this investment. This platform uses a technology-driven approach to provide its services in the marketplace. The development came just after the Indian data infrastructure sector gained increased investor interest. E6data faces competition from other platforms in the same market segment.
Conclusion :
E6data is an online data intelligence platform offering a data infrastructure startup that secured $10 million in its ongoing series A funding round from Accel with the participation of other investors including Beenext. The company intends to use this fresh capital to enhance its platform, improve its R&D department, and expand its services into the market.
The platform also provides full production support for enterprise customers’ most demanding use cases. The startup plans to expand its network globally and increase its customer reach while onboarding more clients. The company uses artificial intelligence and advanced technologies to offer real-time data analysis. The startup competes with other data intelligence platforms in the same sector.
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