With the latest round of funding, the startup is valued at around $250 Mn
This investment is the first tranche of the startup’s $55 Mn round
Course5 is aiming to execute its planned INR 600 Cr initial public offering (IPO) in the next 18-24 months
Data analytics and AI startup Course5 Intelligence has raised $28 Mn from 360 ONE Asset Management.
“This funding will enable us to continue to invest in augmenting our value proposition for our clients,” Ashwin Mittal, MD & CEO, Course5 Intelligence told DTNext.
This investment is the first tranche of the startup’s $55 Mn round, the rest of which is being planned to be closed in the coming 3-4 weeks.
With the latest round of funding, the startup is valued at around $250 Mn.
Founded in 2000, and helmed by MD and CEO Ashwin Mittal, the Mumbai-based startup is aiming to execute its planned INR 600 Cr initial public offering (IPO) in the next 18-24 months, ET reported.
In March this year, Course5 also announced that it will integrate OpenAI’s GPT model with its AI-based Augmented Analytics platform, Course5 Discovery, and Competitive & Market Intelligence platform, Course5 Compete.
With this integration, the startup aims to enhance its existing context-aware dialogue management and cognitive semantic search capabilities. This would enable users to interact with structured and tabular data and gather insights in natural language for quick consumption and decision-making.
AI has taken over the market largely. AI tools have been adopted widely across segments ranging from medical to data analysis.
Writing for Inc42, Santhosh Reddy, cofounder & MD at ShakeDeal stated, “API integration to the data sources, such as enterprise resource planning systems, customer relationship management platforms, inventory management software, and other relevant applications, can provide the necessary data to ChatGPT for analysis.”
However, he also added that for ChatGPT to operate effectively, huge volumes of high-quality data needs to be fed. “Only precise or complete data can lead to correct analyses…” he added.
Today, data analysis is at the core of every industry, causing the data management sector to grow and gather funds.
Last year in September, San Francisco-based data analytics startup Sigmoid raised $12 Mn in a Series B funding round led by existing investor Sequoia India.
Following this, in October, Delhi NCR-based data and analytics startup Lumiq raised INR 44.1 Cr ($5.4 Mn) in a Series A funding round led by Sanjeev Bikhchandani-led Info Edge.
Further, realising the significance of data in today’s businesses, NITI Ayog launched National Data & Analytics Platform (NDAP) for the public to access data and make it interoperable, interactive, and available on a user-friendly platform.
