A fresh round of funding for The Math Company

Data science and analytics startup TheMathCompany Pvt. Ltd has secured an undisclosed aggregate in funding from Patni family scion Arihant Patni.

Patni, who is the managing director of venture capital firm Ideaspring Capital, has put resources into TheMathCompany in his own ability, as indicated by different media reports.

Co-founder Aditya Kumbakonam was cited as saying that TheMathCompany will utilize the new funding to develop its presence in European and Asia-Pacific markets. The startup works out of Chicago and Bengaluru.

Established by Kumbakonam, Sayandeb Banerjee and Anuj Krishna in 2016, TheMathCompany builds customised solutions for its customers, offering services such as evaluating an organization's logical capacities, filling in gaps where required and designing efficient data-based platforms.

The establishing trio was previously colleagues at data analytics firm MuSigma.

In April 2016, they launched an Rs 125 crore early-stage fund named Ideaspring Capital along with angel investors Doraswamy and Prashant Deshpande. It puts resources in enterprise-technology startups offering in machine learning and deep learning, computer vision and image processing, Big Data analytics, Internet of Things, augmented and virtual reality, health-tech and fin-tech.

The bet on solutions TheMathCompany marks the most recent individual venture by Patni, who is likewise the managing director at at Hive Technologies.

In his own ability, Patni has recently put resources into organizations, for example, show livestreaming stage Playtoome, which brought Rs 2 crore up in pre-Series A financing from a gathering of holy messenger speculators in August a year ago.

In November 2017, the Patni Computers scion backed Bengaluru-based TAO Automation Services Pvt. Ltd, which runs an eponymous machine learning startup.

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