e6data has raised $10 million in its Series A funding round led by Accel; AltiusHub has raised $2.25 million in its seed funding round led by Endiya Partners; while Bluecopa has raised $1.8 million in its pre-Series A round.
e6data raises $10m Series A funding
Data intelligence platform e6data has raised $10 million in its Series A funding round led by Accel with participation from Beenext and others.
The company will use the funding proceeds for research and development (R&D) efforts to help its customers with better offerings, onboard more clients, and scale its hiring on the go-to-market front, per a statement.
Founded in 2021 by Vishnu Vasanth, e6data claims to have developed a compute engine for data intelligence platforms to enhance ROI on their existing infrastructures while eliminating ecosystem lock-in. It requires no data movement, application migration, or downtime.
e6data plans to expand access to its Design Partner Program, which offers the e6data solution as a managed service for heavy use cases of enterprise customers, complete with production support and professional services.
Endiya leads funding in AltiusHub
Manufacturing supply-chain visibility software AltiusHub has raised $2.25 million in its seed round of funding led by Endiya Partners, per an announcement
The financing also saw participation from friends and family. The funding will be used to bolster the engineering team and to hire sector-specific senior talent, the company said in a statement.
AltiusHub is a supply-chain visibility software that helps manufacturing entities secure their supply chains. With an initial focus on the pharma industry, the product helps in preventing counterfeit medicines from entering the supply chain. AltiusHub’s tracking identifies patterns and anomalies that indicate counterfeit activities.
“Our vision is to create a technology that would not only enhance supply chain visibility but also provide a proactive defence against counterfeit threats. We believe that by empowering businesses with the tools they need to protect their brands and safeguard consumer safety, we can make a significant impact on the global marketplace,” said Abiram Vijaykumar, co-founder, AltiusHub.
Blume Ventures, others invest in Bluecopa
Bluecopa, an AI-powered finance operations (FinOps) automation platform, has raised $1.8 million in its pre-Series A round led by Blume Ventures, Dallas Venture Capital, and Venture Catalysts, per an announcement.
The fresh capital infusion will be utilised to expand market reach, enhance AI capabilities, and advance product development, the startup said in a statement.
“FinOps automation is a massive opportunity globally. This funding will fuel our mission to deliver exceptional value to our customers,” said Satya Prakash, co-founder & CEO of Bluecopa.
FinOps is a $40 billion+ market globally. Since its inception in 2021, Bluecopa claims to have been offering a comprehensive solution for modern finance teams. The cloud-native platform, powered by AI, provides a unified solution for finance teams, streamlining operations and improving efficiency.