Spire Technologies Raises USD 8M in Series A Funding at USD 23M Post-Money Valuation

BANGALORE, India, February 27, 2014 /PRNewswire/ --

Bangalore based Big Data technology company Spire Technologies  recently raised USD 8 million in its Series A funding, at a post-money valuation of USD 23 million, from a strategic long-term investor. Spire empowers informed decision making with over 95% accuracy in contextual demand-supply mapping based on 'unstructured' Big Data from enterprise systems and internet.

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Spire will deploy the funds to grow its business in US, EMEA and APAC markets in addition to investing in technology, talent and marketing. The company will unveil its game-changing solutions at a series of global conferences and exhibitions over the next six months.

Spires Context Intelligence™ Platforms  can be applied across industries and across functions. As the architecture is industry neutral, it can be applied across domains with current focus on Talent Management, Customer Relationship Management, Market Research and Fraud Intelligence.

Spire's SpiroBot®  Big Data processing engine and Contextual Search Platform can be applied as efficiently in B2C and C2C models as it has already been proven to improve efficiency >9X in certain B2B applications.

"We will now be able to pursue our vision of unleashing a global wave of business transformation solutions  that deliver unprecedented ROI by using the power of Big Data, especially unstructured data that is curated in unique ways," said Saurabh Jain, Founder & CEO, Spire Technologies.

Encube Venture Partners LLP, a Bangalore-based investment advisory firm, provided strategic finance consulting and advice to Spire on this investment. (http://www.encubeindia.com) 

About Spire Founded in 2007, Spire Technologies & Solutions Pvt. Ltd. is a Bangalore (India) based Big Data analytics & contextual search technology company with unique and revolutionary applications across functions and across industries. To know more about Spire, visit http://www.spire2grow.com

Press Contacts:
Poonam Singh
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+91-9980573163 

SOURCE Spire Technologies