Spire Technologies raises Series A funding of $ 8 Million

CoolAvenues Newswire | December 18,2013 04:38 pm IST

Spire Technologies has raised $ 8 Million in Series A funding. It had raised $ 1 million in seedfunding from several angel investors.

Spire Technologies a big data analytics company started in 2008 by Saurabh Jain has developed a unique Context Intelligence platform with initial application in the area of people and talent management.
 

The SpiroBot® Big Data processing engine and contextual search platform can be applied as efficiently in B2C and C2C models as it has already been proven to provide >9X efficiency in B2B models. This engine is industry-neutral platform and can be applied across a plethora of areas – Customer Relationship Management, Market Research, Financial Analysis, Credit Analysis, Fraud Intelligence, Logistics, Healthcare, Travel, Education, Retail, and more.
 

The company will use the capital to ramp up its R&D team and boost sales and marketing activities. 

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