Celebal Technologies, a Palo Alto, Calif., and Houston and Jaipur, India-based software consulting and delivery organization, announced that it secured $32 million in minority growth.
The investment was from Norwest Venture Partners, a leading venture and growth equity investment firm.
The investment will help it strengthen its position in existing markets in North America, India, and Asia Pacific, and fuel its expansion into new markets in Europe, the Middle East, and Japan. Some of the funds will be used to expand delivery capacity and create industry-specific solution accelerators.
"We are bullish on the growth of the digital technology services sector and offshore delivery. With a strong DNA of innovation-led culture and customer-centricity, backed by strong partnerships with Microsoft and Databricks, we are well-positioned to capitalize on new opportunities and serve our fast-growing roster of clients," said Anirudh Kala, co-founder, and CEO of Celebal Technologies. "Norwest's deep business and technology services sector expertise, along with its global portfolio presence, complements Celebal Technologies' strengths and ability to grow the business in key markets and new domains like sustainability."
Celebal Technologies is a high-growth firm that employs 1,600+ software engineers who deliver new-age solutions to over 100 clients globally.
Company: Celebal Technologies Private Limited
Raised: $32.0M
Round: Unknown
Funding Month: November 2022
Lead Investors: Norwest Venture Partners
Additional Investors:
Company Website: https://celebaltech.com/
Software Category: Enterprise Solutions
About the Company: Founded by Anupam Gupta and Anirudh Kala, Celebal Technologies is a leading software services company specializing in AI, Big data, app innovation, and enterprise cloud. They partner with Fortune 1000 and equivalent organizations and help them become data-driven, propelling them on their digital innovation journeys. Celebal Technologies provides a range of offerings around data science, data engineering, cloud innovation, chatbots, low-code platforms, process automation, etc. The company offers tailor-made solutions focused on industries like FSI, manufacturing, retail, healthcare, etc., along with business offerings for customer 360, supply chain, logistics, financial analytics, sustainability, etc. Celebal Tech's flagship offering is ERP. Extend and innovate with data, analytics, integrations, modern apps, and process intelligence leveraging the Azure and Databricks landscapes. Celebal Tech's flagship offering is ERP. Celebal Technologies was recognized as the winner of the 2022 Microsoft India Partner of the Year award for the second consecutive year and the 2022 Databricks Partner of the Year for the Asia Pacific and Japan.
Source: https://www.prnewswire.com/news-releases/celebal-technologies-announces-32-million-investment-from-norwest-venture-partners-301686131.html