Axtria

Posted on By Experte

Axtria is a New Jersey- based technology company that develops and markets cloud-based data analytics services and solutions for business. [4] The company’s software is embedded into commercial processes to analyze data and provide insights. [5] The company is headquartered in Berkeley Heights, New Jersey , and has additional locations in California , Arizona, Georgia , Virginia , and Ireland and development centers in Boston , Chicago and Gurgaon, India . [6] [7] [3]

History

Axtria was founded in 2010 by the brothers Jassi and Navi Chadha after their two previous company, marketRX, to Cognizant Technology Solutions for $ 135 million in 2007. [8] The company was financed by a Series A investment round that raised $ 2.5 million venture capital firms and private investors including Sequoia Capital . [4] The funds were used to open in India and to develop its software. [9] Axtria opened a second location in Gurgaon, India in 2013. [7]

In 2014, Axtria raised an additional $ 4.8 million in Series B round funding. [10] [11] That same year, the company ranked 32nd on the Inc 500 list. [12] In July 2014, the company raised $ 30 million in Series C funding, led by Helion Ventures to develop new products, hire staff and increase marketing. As part of the funding, Sanjeev Aggarwal, Helion’s senior managing director joined Axtria’s board. [13] [14] [15]

The company expanded its headquarters in Berkeley Heights, New Jersey , in 2016 after being awarded $ 3.65 million in a Grow NJ award in September 2015. [16] That same year, Axtria was ranked 178 on the Deloitte Fast 500 and 938 on the Inc. 5000. [17] [2]

Operations

Axtria is focused on three main industries including pharmaceuticals, banking and retail. [18] The company develops solutions for sales, marketing, risk management and regulatory compliance named SalesIQ, MarketingIQ and Risk Solutions and supports over 10,000 users from 60 globally customers. [15] The company created Axtria Institute to train its employees in technical skills, industry knowledge, project management and communication skills, and their clients operate. [18]

References

  1. Jump up^ “Axtria: people” .
  2. ^ Jump up to:a b “Axtria” . Inc.
  3. ^ Jump up to:a b “Axtria: Ingenious Business Analytics” . Silicon India Magazine. October 13, 2016.
  4. ^ Jump up to:a b Roy, Debjyoti (July 8, 2015). “Big Data & Analytics Startup Axtria Raises $ 30M Led by Helion Venture Partners” . VCCircle.
  5. Jump up^ Velaynikal, Malavika (July 7, 2015). “Indian Analytics, Global Clients: Axtria Straddles Two Worlds to Offer ‘Everything as a Service ‘ ” . TechInAsia.
  6. Jump up^ Khan, Taslima (June 22, 2016). “Data Analytics Firms Gear Up to Lure The Best Talent and The Demand for Specialized Talent Increases” . The Economic Times.
  7. ^ Jump up to:a b “ict Axtria Opens Second Delivery Center in Gurgaon” . Analytics India Magazine. October 21, 2013.
  8. Jump up^ “Sequoia Backs MarketRX Founders In New Venture” . VCCircle. May 11, 2010.
  9. Jump up^ Tarran, Brian (May 7, 2010). “MarketRX Co-Founders Embark on New Analytics Venture, Axtria” . Research Live.
  10. Jump up^ “New Jersey Business Analytics Firm Axtria Bags $ 4.8M in Funding”. Venture Capital Post. January 10, 2014.
  11. Jump up^ Kelly, Meghan (January 9, 2014). “Axtria Helps Businesses Analyze Their Customers With $ 4.8M” . VentureBeat.
  12. Jump up^ Allen, Samantha (August 29, 2014). “How These 8 Solution Providers Fastand Grew Made The Inc. 500” . CRN.
  13. Jump up^ Russel, Jon (July 7, 2015). “Axtria Lands US-Indian Big Data Firm $ 30M to Help Businesses Make Better Decisions” . TechCrunch.
  14. Jump up^ Pahwa, Akanksha (July 11, 2015). “Funding Galore: Startup Fundings of the Week” . Inc42.
  15. ^ Jump up to:a b Mishra Bibhu (July 8, 2015). “Firm Analytics Axtria Raises $ 30 MN” . Business Standard.
  16. Jump up^ “Guadagno Attends Axtria Inc. Grand Opening” . MyCentralJersey. February 23, 2016.
  17. Jump up^ “2016 Technology Fast 500 Ranking” (PDF) . Deloitte.
  18. ^ Jump up to:a b Prabhakar, Madhumita (September 1, 2015). “From Marketrx to Axtria” . The Smart CEO.