Course5 Raises USD 28 Million To Invest In AI
Course5 Intelligence, an analytics and AI solutions company, has successfully raised USD 28 million in a recent funding round out of the USD 55 million plan. The round was led by 360 ONE Asset Management Limited’s Tech Fund, formerly known as IIFL Asset Management Limited that invested USD 28 million. Course5 is supported by continuous innovation in their AI Labs and leverages global open research. The company’s platforms integrated with OpenAI’s GPT models enable data-driven insights for the businesses. The funds raised will be used to supplement a strong organic growth with inorganic expansion and synergistic acquisitions. The company also intends to increase AI investments and is currently in discussions with several M&A prospects to add strategic capabilities or intellectual property. The company aims to surpass $100 million in revenue in the next fiscal year and plans to launch its IPO within the next 18 months. Ashwin Mittal, Chairman and CEO of Course5 Intelligence, expressed his confidence in the company’s trajectory and the favorable industry trends, stating that raising external capital at this time is the right move. Mittal emphasized the strong demand for Course5’s analytics and AI solutions from both existing and new clients.. Chetan Naik, Fund Manager and Senior EVP at 360 ONE Asset, commented on the expected strong growth of the data analytics sector in the coming decade. He acknowledged Course5 as a leading player in the data analytics and insights field, with strong IP-led solutions and deep domain knowledge across various industries. Naik highlighted Course5 as one of the few profitable and highly capital-efficient pure-play data analytics companies based in India.
The company aims to surpass $100 million in revenue in the next fiscal year and plans to launch its IPO within the next 18 months.
Course5 Intelligence, an analytics and AI solutions company, has successfully raised USD 55 million in a recent funding round.
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["AI", "analytics", "OpenAI", "Aim", "RAG", "R", "API", "GPT", "GAN", "RPA"]
Tasmia is a tech journalist at AIM, looking to bring a fresh perspective to emerging technologies and trends in data science, analytics, and artificial intelligence.