Just a few days after celebrating its fifth birthday, BRIDGEi2i Analytics Solutions landed its first round of funding, pulling in an undisclosed amount of Series A growth capital from India-based Edelweiss Private Equity.
CEO Prithvijit Roy states the company will use the funds to, “accelerate the development of our machine-learning-based business applications along with significant expansion of our consulting teams across the United States and India.”
Pranav Parikh, head of private equity and VC funds at Edelweiss, says he is impressed with how BRIDGEi2i has “transform[ed] large enterprises through their impact-driven approach” since launching in 2011. Edelweiss now owns a minority stake in BRIDGEi2i and Parikh will join the Bangalore-based startup’s board of directors.
BRIDGEi2i was founded by former General Electric and Hewlett Packard executives who had a vision to offer data-driven insights to enterprises. Using big data, the company generates actionable insights about sales data and customer behavior to help manage risk and operations. The company’s customers include 10 of the Fortune 100, representing sectors in technology, manufacturing, financial services, insurance, and retail.
At FinovateAsia 2013, BRIDGEi2i launched Surveyi2i, a cloud-based platform to help easily view and analyze survey data. Surveyi2i offers quick insights into survey results without requiring help from a data scientist. Recently, BRIDGEi2i was featured in Dataquest for helping a Fortune 100 company save $300,000 on reporting costs. Late last year, the company was ranked 115 out of 500 AsiaPac businesses on the Deloitte Technology Fast500 for 2015.