BANGALORE, August 31, 2016 /PRNewswire/ --
Real-time data analytics company IQLECT, the hottest big data startup from Bangalore, founded by Ex-CTO of Jabong.com Sachin Sinha is set to raise Series A round of funding. In July 2015, the company raised US$2 million in seed funding from Exfinity Venture Partners. Exfinity venture partners is backed by software industry veterans such as Ex-Infosys directors TV Mohandas Pai & V Balakrishnan among others. Recently, Lip-Bu Tan, founder of Silicon Valley-based Walden International; Michael Marks and Nicolas Braithwaite, founding partners at Riverwood Capital have invested in their individual capacity too. The company has so far used these funds to build a world class product, both for cloud and on-premise. With the next round of funding IQLECT will be expanding the geographical reach and building a line-up of clients in e-commerce, financial services, media and telecommunication industries
IQLECT provides a ready-to-use software converged platform, for users to enable real-time data analysis for their businesses, in a cost-effective and process-efficient manner. IQLECT in partnership with Dell offers fully baked up, all-in-box solution that contains all necessary software pieces, which can be hosted on premise by enterprises. IQLECT is also set to launch the cloud offering during VLDB conference next week. IQLECT's cloud offering helps simplify the overall proposition to start getting insights with real-time data and analysis in less than few hours. The real-time stack for analysis could be launched in few clicks by the user in a fully featured manner. For corporations, IQLECT is a perfect fit since it offers an end-to-end solution with Ingest, Process, Store, Visualize, Act, Correlate, Notify all built in to the product. The product's data visualization capability with intuitive and configurable dashboard paves the way for predictive analytics and makes it easy to run different workflows for diverse business processes.
Looking ahead at the cloud offering launch, Sachin Sinha, Founder and CEO, IQLECT, says, "We are delighted to officially launch our cloud offering during VLDB conference. It's an important opportunity for us to showcase our product to industry peers and big data experts during VLDB 2016."
IQLECT offers a hardware-software converged platform to provide actionable data insights in real-time. IQLECT simplifies the overall proposition and offers a fully baked off-the-shelf software converged platform.
Chief Business Officer