Hevo Data Raises $4mn in Seed Funding Round
Hevo Data, the unified data platform for mid-size enterprises secured $4 million in a seed funding round led by Chiratae Ventures and Sequoia Capital’s Surge. Based out of San Francisco and Bengaluru, the company offers a way to unify data and derive insights from a number of sources like advertising channels, CRM, financial system software, marketing tech which in turn can help an enterprise in building a better understanding of customers.
The funding came at a time when Hevo Data is looking to expand its customer base in the US and other Western markets.
The funding came at a time when Hevo Data is looking to expand its customer base in the US and other Western markets.
The firm is actively invested in sectors like online commerce, financial technology and healthcare as these businesses highly rely on customer data to boost their sales.
Manish Jethani, the co-founder of Hevo Data said, “As data is often in silos, companies don’t really understand their own customers. We automatically combine data which is residing in different software systems with Machine Learning, and Artificial Intelligence which makes sense of that data to build a unified view of the customer.”
With a customer base of 40 enterprises, the company is focused on building easy solutions that can be employed by the businesses easily rather than creating complex solutions to the problem. Started in 2017, Hevo Data claims to have seen a growth of 800 per cent in its revenue in last one year. The company expects to maintain the same growth momentum in the future as well. Having a model that does not require any physical sales team and system integrators, the solution of Hevo Data can be applied very quickly by allowing a much faster scale-up at the same time.
Manish Jethani, the co-founder of Hevo Data said, “As data is often in silos, companies don’t really understand their own customers. We automatically combine data which is residing in different software systems with Machine Learning, and Artificial Intelligence which makes sense of that data to build a unified view of the customer.”
With a customer base of 40 enterprises, the company is focused on building easy solutions that can be employed by the businesses easily rather than creating complex solutions to the problem. Started in 2017, Hevo Data claims to have seen a growth of 800 per cent in its revenue in last one year. The company expects to maintain the same growth momentum in the future as well. Having a model that does not require any physical sales team and system integrators, the solution of Hevo Data can be applied very quickly by allowing a much faster scale-up at the same time.