AbsolutData Raises $20m

US-based AbsolutData has raised $20m in investment funding, earmarked for global expansion and development of its big data analytics offer.

The firm was founded in 2001 by Dr. Anil Kaul, Sudeshna Datta and Suhale Kapoor, who previously gained experience at McKinsey, Mitsubishi, Kraft and Pfizer. Services including big data and high end business analytics, modelling, reporting and data management are offered through 275 staff based in San Francisco, Los Angeles, New York, Chicago and Gurgaon, India.

The latest round of funding comes from Fidelity Growth Partners India (FGPI), and as part of the transaction, FGPI Director Kabir Narang joins the AbsolutData Board of Directors.

Dr. Kaul (pictured) comments: 'Our vision is to become the most impactful and respected analytics firm in the world. We now serve some of the largest and most reputed retail, consumer goods, technology and hospitality companies, across US, Europe and Asia Pacific, and this investment will enable us to further strengthen our ability to service the increasing demand from our global clients.'

Web site: www.absolutdata.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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