Data Analytics & AI Startup Course5 Intelligence Secures $28 Mn Investment
Course5 Intelligence, a Mumbai-based data analytics and AI startup, has raised $28 Mn from 360 ONE Asset Management. This funding round 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.
As per the startup, the freshly raised funds will enable it to continue to invest in augmenting its value proposition for the clients.
Course5 Intelligence | Analytics, Insights, and Artificial Intelligence
Founded in 2000 and helmed by MD and CEO Ashwin Mittal, Course5 Intelligence is a Mumbai-based pure-play data analytics and insights startup with a focus on helping organizations drive digital transformation using artificial intelligence (AI), advanced analytics, and insights.
The Mumbai-based startup enables organizations to solve complex issues relating to their customers, markets, and competition at speed and scale through a combination of industry-specific domain expertise with AI-driven products and solutions that are Intellectual Property (IP)-led and leverage the latest technologies.
Its capabilities across cloud, data engineering, intelligent process automation, business intelligence, applied AI, and consulting enable it to cater to the entire analytics and insights value chain, from data management and descriptive analytics to insightful, predictive, and prescriptive analytics.
As per reports, the startup aims to execute its planned INR 600 Cr initial public offering (IPO) in the next 18-24 months. In March 2023, the startup announced that it would integrate OpenAI’s GPT model with its AI-based Augmented Analytics platform, Course5 Discovery, and Competitive & Market Intelligence platform, Course5 Compete.
The integration will enable the startup to enhance its existing context-aware dialogue management and cognitive semantic search capabilities. It will enable users to interact with structured and tabular data and gather insights in natural language for quick consumption and decision-making.
In recent times, there has been a growing wave of AI-based startups offering tools that are getting widely adopted across segments ranging from medical to data analysis. But the craze reached a level higher with news of Microsoft’s enormous $10 billion investment into OpenAI — the creator of ChatGPT.
In September 2022, data analytics startup Sigmoid raised $12 Mn in a Series B round led by existing investor Sequoia India for market growth, expansion of delivery centres, and focus on newer industry segments.
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