Tredence Inc., an analytics services and solutions company, has raised $30 million in fresh funding round for a minority stake from Chicago Pacific Founders. With this, the valuation of the Bengaluru and Bay Area startup stands at $100 million.
The big data analytics firm will utilise the funds raised to expand into new markets across Europe, Australia and China. It is also looking to strengthen its delivery team in India.
“The focus is on outcome based projects. We take a consulting led approach and implement the AI led analytics solutions for clients. We have bid against PwC, Deloitte and Accenture and won contracts,” co-founder Shashank Dubey told to ET.
Shub Bhowmick, Chief Executive Officer, Tredence, said – “COVID-19 has further underscored how the healthcare space is primed for disruption, and AI is key to fast-track real transformation. Whether to help address inequities in access to care, optimize patient outcomes or advance research, to name a few applications, AI is a long-awaited catalyst for driving meaningful change across the healthcare continuum—and the investment by Chicago Pacific Founders will help us, collectively, embark on this transformation.”
By being a single end-to-end provider, the firm focuses on delivering business value in an agile manner and provides complete ownership of the entire analytics value chain
–AK
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