Bridgei2i, Bangalore based data analytics startup has secured an undisclosed amount in Series A funding from Edelweiss Private Equity, PE and VC Arm of Edelweiss Financial Services. With the investment, EdelWeiss has got a board position and Pranav Parikh, head of Edelweiss Private Equity will be joining board of directors of Bridgei2i.
Founded in 2011 by Prithvijit Roy (Former HP), Ashish Sharma (Former Genpect) and Pritam Kanti Paul (Former GE Capital), Bridgei2i embeds decision engines into business processes and systems. With the help of optimization of algorithms, it leverages the proprietary personalization to offer analytics and decision support solution to industries like Marketing, Sales, Pricing, Risk Management and Supply Chain. It has offices in Bangalore and the bay area.
Speaking on the development, Prithvijit Roy, CEO, BRIDGEi2i added that the investment will help the startup to deliver accelerate the development and deliver more robust solutions to the users. based on Machine learning applications. The funds will also be used to expand the team in both the offices.
Bridgei2i has been featured by Deloitte as Technology Fast 50 in 2015 and by Nasscom in emerge 50 in 2014. It boasts of having over 10 of the fortune 500 companies as its clients in sectors such as manufacturing, technology, Financial Services and Insurance.