Seattle based Indix, a search engine platform and app which crawls product data and analytics, has raised Series B funding worth $15 million from Nokia Growth Partners and existing investors Nexus Venture Partners and Avalon Ventures. Indix will use the funds to add to its team of data scientists and engineers while expanding its sales and marketing efforts. It will also accelerate its product intelligence platform development to add new use cases, customer segments and geographies. In March last year, the company had raised $8.5 million of a $9 million round co-led by Avalon Ventures and Nexus Venture Partners.The company had said that it would use the funds for product development and engineering efforts, apart from investing further in marketing and sales operations. It had raised $4.5 million from Nexus Venture Partners and Avalon Ventures in April 2013 and $1.4 million from a group of investors including Nexus Venture Partners before that. Indix was co-founded by Sanjay Parthasarathy, Sridhar Venkatesh, Satya Kaliki and Rajesh Mupalla in 2010. The company’s Product Intelligence platform provides brands, retailers and commerce enablers deep insights, machine learning algorithms and product information like price, assortment and channel among other attributes for over 1 billion products. The app and APIs help businesses understand product sale and develop product-aware apps and websites to cash in on the ecommerce market. The company claims to track over 800 million products across over 7,000 categories and has offices in Seattle, San Francisco and Chennai. Funding in the big data space: - Earlier…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...