Course5 Intelligence, a Bellevue, Wash-based analytics and AI solutions company, announced a funding round of $55 million led by 360 ONE Asset Management Limited's Tech Fund. The company will be closing the balance with other premier investors shortly.
The funding will bolster Course5's organic growth, support strategic acquisitions, and fuel investments in innovation and advanced AI technologies. It also enable Course5 to expand its presence in current industries while exploring entry into new sectors relevant to its business.
Course5 Intelligence delivers analytics and insights solutions supported by continuous innovation in their AI Labs. Leveraging global open research in AI technology, Course5's enterprise analytics platforms are integrated with OpenAI's GPT models for Generative AI. This integration empowers enterprises to harness the latest technology innovations and drive business impact from data.
Ashwin Mittal, Chairman and CEO of Course5 Intelligence, said, "Course5 has been organically built on its own cash flows to date. We have always believed in being capital efficient and think that this is the right time to raise external capital given our trajectory and the tailwinds in our industry. We have been experiencing strong demand for our analytics and AI solutions with current and new clients. Analyst recognitions for our IP-based products and solutions have also been pouring in and testify to the kind of value we are creating for our clients. Course5's growth and client wins are largely due to our focus on building a world-class talent pool, driving innovation through our AI Labs, and creating business impact through the work we do. This funding will enable us to continue to invest in augmenting our value proposition for our clients. We are thrilled to have found a strong partner in 360 ONE Asset. They have a strong understanding of the technology landscape and have made many successful bets."
Company: Course5 Intelligence Limited
Raised: $55.0M
Round: Unknown
Funding Month: May 2023
Lead Investors: 360 ONE Asset Management Limited's Tech Fund
Additional Investors:
Company Website: https://www.course5i.com/
Software Category: Analytics & AI Solutions
About the Company: Course5 Intelligence focuses on helping organizations drive digital transformation using artificial intelligence ("AI"), advanced analytics, and insights. Course5's AI-driven products and solutions and IP-led solutions are supported by industry-specific domain experience and the latest technologies and aim at enabling organizations to solve complex issues relating to their customers, markets, and supply chain at speed and scale. Course5 combines a multi-disciplinary approach to data integration across structured and unstructured data sources to help businesses grow through informed decision-making. Course5 caters to some of the world's largest enterprises, including many Fortune 500 companies. The company's clients span technology, media, telecom (TMT), pharma and life sciences, CPG, retail, and other sectors. Course5 Intelligence has been recognized by leading industry analysts like Gartner and Forrester for its analytics and AI capabilities and proprietary AI-based platforms.
Source: https://www.prnewswire.com/news-releases/course5-intelligence-raising-usd-55-million-funding-concludes-first-close-with-360-one-assets-tech-fund-301828426.html