These top data science startups have received good funding in the first quarter of 2022
Undoubtedly, data has come out as the backbone for businesses that have made companies opt for Data Science. The companies are preparing, organizing, developing, analyzing, and using the data using Machine Learning models. Data science is powered by real-time analytics systems and specialized software. With the exponentially increasing demand in the market, several Data Science companies have emerged over the past few years. More and more Indian tech enthusiasts are joining the artificial intelligence domain and establishing robust Indian data science startups. Now, these Indian data science startups have gained immense popularity, proving their enthusiasm and potential for innovation, hence, gaining themselves funding from top investors. In this article, we have listed the funding in top Indian data science startups in Q1 2022.
Data Sutram
Data Sutram has received US$2.07 million from eminent investors such as Varanium Capital and Yatra Angel Network. It is a Mumbai-based location intelligence startup that offers sector-focused data packages to help enterprises acquire customers efficiently. It will use this funding on data science scaling up the operations at an international level and investing in new data sources.
DarwinBox
Darwinbox has recently made up to the unicorns in the Analytics SaaS domain. The company specializes in producing HR management software for major companies and has become the first true local player in data science to enter into the famed unicorn club with a valuation of over US$1 billion, starting 2022 with a bang.
Lead School
Lead is an ed-tech company that has raised US$100 million at a US$1.1 billion value. The company focuses on understanding the base of the students’ learning and making sure that their life outcomes are as lucrative as they aspire to be. This has resulted in the strong adoption of Lead’s data science-driven educational solutions and enables widespread accessibility.
RealBox
RealBox Data Analytics provides a suite of AI-powered business analytics tools that deliver insights for the betterment of the organization. The company works with voice assistants, and other smart personal assistants to enable large enterprises to share valuable analytics and data science tools with business leaders to maximize ROI for the enterprise. It received funding from Hyderabad Angels, the seed amount of which is US$300K.
Fractal Analytics
According to reports, the company’s valuation has now surpassed US$1 billion, as it recently earned the title of being a unicorn. With the latest investment of US$360 million from the private equity firm TPG Capital Asia, Fractal has become the second unicorn in India in 2022. But by the first quarter of 2022, the funding will be exhausted, as reported by finance experts.
Actyv.ai
Actyv.ai is an enterprise SaaS startup that secured US$5 million in a pre-series A funding round from the Dubai-based 1Digi Investment management firm to scale up and expand its business globally. The Bengaluru-based startup solves complex business and real-life industry issues for enterprises by leveraging existing IT systems by using the low-code and no-code workbench of the company.
Polygon Technology
Polygon is a leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions. This Bengaluru-based startup provides data science solutions that have witnessed widespread adoption with more than 7000 applications hosted worldwide.
Finarkein Analytics
Finarkein Analytics raised its last funding as the seed amount from eminent investors like Info Edge and IIFL to build open digital ecosystems. The company is focusing on building a low or no code orchestration and data analytics platform for India’s current and upcoming ODEs.
Aarna Networks
Aarna Networks works on the successful deployment of %G and edge computing solutions. The existing cloud ecosystem will continue to undergo a sea of change, primarily due to the use cases such as network slicing, O-RAN, multiplayer ecosystem, and more.
Algorithmic Biologics
Molecular testing that tracks and analyzes the genetic components of viruses is a complex and crucial service offered by many health tech companies across the globe. But Algorithmic Biologics has excelled in this domain providing the best possible solutions for molecular testing in this domain.
