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
[http://www.spire2grow.com ] 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
[http://www.spire2grow.com ] empowers informed decision making with over 95% accuracy in
contextual demand-supply mapping [http://youtu.be/DKpNQyugkUo ] based on 'unstructured'
[http://www.spire2grow.com/main/node/123 ] Big Data from enterprise systems and internet.
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 [http://www.spire2grow.com/main/node/136 ] at a series of global
conferences and exhibitions over the next six months.
Spire's SpiroBot(R) Big Data processing engine and Contextual Search Platform
[http://www.spire2grow.com/main/node/133 ] 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 [http://www.spire2grow.com/main/node/137 ] that deliver
unprecedented ROI by using the power of Big Data, especially unstructured data that is
curated in unique ways," said Saurabh Jain
[http://www.linkedin.com/profile/view?id!50278&authType=NAME_SEARCH&authToken=xakf&locale=en_US&srchid2948601385966729185&srchindex=1&srchtotal=1&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A132948601385966729185%2CVSRPtargetId%3A2150278%2CVSRPcmpt%3Aprimary ]
,
Founder & CEO, Spire Technologies.
Encube Venture Partners LLP [http://www.encubeindia.com ], 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