Tredence Analytics raises $30 million from Chicago Pacific Founders

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5 years ago

Big data analytics Tredence Analytics Options has raised $30 million from non-public fairness agency Chicago Pacific Founders for a minority stake, valuing the Bengaluru and Bay Space startup at $ 100 million, its co-founder Shashank Dubey informed ET.

Tredence, which has been Bootstrapped to this point, provides a consulting led implementation of AI options and counts as world retailers and banks as its purchasers. The funds shall be used for enlargement into newer markets equivalent to Europe, Australia and China and beefing up its supply workforce in India. Trendence employs 650 staff, of whom 500 are in Bengaluru, delivering companies for its purchasers.

“The main target is on consequence primarily based tasks. We take a consulting led method and implement the AI led analytics options for purchasers,” stated Dubey. “Now we have bid towards PwC, Deloitte and Accenture and gained contracts.”

Tredence was winner of the ET Startups Bootstrap Champ Award in 2018. The corporate will shut with a income of $33 million in 2020.

Dubey stated that the startup has been profitable bigger and long run contracts from clients as they have a look at digital transformation to handle prices in addition to construct their enterprise.

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