Polestar Solutions, a data analytics and enterprise performance management (EPM) company, announced it has raised an undisclosed amount of Series-A funding from a US-based strategic investor.
The round of investment is driven by the significant revenue growth, strong traction (across segments and geographies), and competitive advantage the company has consistently established over consecutive years, the statement said.
Chetan Alsisaria – CEO & Co-Founder, Polestar Solutions said, “The fundraise is a strategic partnership and we will deploy these funds to fuel our growth in the US and India. We will also invest in scaling our services to serve the growing demand for competitive data intelligence and actionable business insights. As we continue to build our presence and venture into new markets, we want to attract the best talent to join our community and support our growth.”
The fundraise will help the company enhance its services and create a strong foothold in the US — such as with sales, customer success and delivery teams on-ground — paving the way for subsequent growth. The company is currently hiring in the US, where it plans to activate its operations by March 2022, the company said.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.