Singaporean Big Data startup raises $1.5m



Big data is shortly rising into the mainstream and drawing extra curiosity from investors and business gamers. Singapore-based Latize is reaping among the fruit of that curiosity with a “development funding” spherical price US$1.5 million.

The funding comes from the Tembusu ICT Fund 1, Singaporean private equity firm Tembusu Companions’ early-stage software program company-oriented fund. The spherical is joined by present buyers ACP Enterprise Capital and Spring Seeds Capital.

Latize develops and distributes Ulysses, a software program suite that may join and handle inner and open information sources, seize and analyze information, and create insights for the agency’s purchasers. The software program is supposed to assist companies make higher selections in areas like investigation and compliance, buyer relationship administration, and information monetization.

The funding will assist Latize scale its companies to extra international locations and improve its product. “We can be releasing a bunch of thrilling new options within the coming months to extend our product’s capabilities to find and extract significant insights,” says CEO Vikram Mengi.

Latize is a part of the Infocomm Growth Authority’s [email protected] scheme, a program that goals to certify software program to be used in massive companies and organizations. Whereas not everybody thinks this system is worth it, Latize says that IDA accreditation has helped create new alternatives for its enterprise, together with opening an workplace in Sydney.

Transformed from Singapore . US$1 = S$1.36