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Saama Technologies raises $35M from Carrick Capital

Data sciences and analytics firm Saama Technologies has raised Series A funding worth $35 million from California-based Carrick Capital Partners, reports VCCIRCLE. The funding will be used to expand their reach in India and add 500 new jobs over the next financial quarter. With the funding, the company will also increase its market share in the healthcare and insurance data solutions industry, while building new office space in Pune to consolidate operations. The co-founder and MD of Carrick Capital Marc McMorris will join Saama’s board with this investment. The company will focus on its ready analytics solutions and increase its stake in big data. According to the VCCircle report, Saama acquired a 68.26% stake in the US based company InfoSTEP for $3 million from MIC Electronics. Saama was founded by Suresh Katta in 1997 and offers business intelligence, data quality and integration,…

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