Tellius Raises $7.5M in Funding to Transform Business Analytics with AI
RESTON, Va. (PRWEB) March 02, 2018 -- Tellius, the AI-powered business analytics platform, announced today that it has raised $7.5 million in a Series A funding round led by Veraz Investments. Tellius CEO and founder, Ajay Khanna, successfully built high-growth telecom analytics company Celcite, which was acquired by Amdocs in 2014.
The investment will help the company aggressively expand its sales and marketing efforts, as well as broaden and accelerate product development. Rahul Sharma from Veraz Investments will join the Tellius Board of Directors.
Tellius is an intelligent business analytics platform powered by machine learning so anyone can ask ad hoc questions in plain language and instantly discover relationships and trends in their data with just one click. Unlike other business intelligence products that only offer data visualizations and data preparation, Tellius combines natural language search, automated discovery of insights, and predictive analytics, all in a single platform.
Ajay Khanna said: "We are excited to partner with Rahul Sharma, who supports our vision to utilize AI and machine learning to build an intelligent analytics platform on a big data architecture that is accessible to enterprises of all sizes. Our focus is on solving the analytical challenges many organizations have of quickly understanding what's driving business outcomes without spending days or weeks in manual analysis or writing code."
The Tellius insights engine automatically analyzes billions of data points and millions of combinations of data to discover correlations, patterns, and trends, surfacing insights that users might otherwise miss. Because data modeling and writing algorithms is not required, organizations save time and effort, as well as remove analytical bias that comes with manual data analysis. Tellius does not aim to replace business analysts or data scientists, but rather empower them to gain insights faster, discover more insights on their own, and reduce friction in their analytics workflow.
Serial entrepreneur and investor Rahul Sharma commented: "Tellius has the opportunity to change not only the dynamics of the business intelligence and analytics market, but to define a new category within that market with a product that can dramatically improve how everyday business users leverage machine learning to gain insights and make data-driven decisions. We are excited to be working with Tellius to help build on their momentum."
About Tellius
Tellius is leading the era of intelligent analytics with a business analytics platform powered by machine learning so anyone can search and discover hidden insights with just one click. Created by a team with deep expertise in big data analytics and automated intelligence, Tellius accelerates data-driven insight and decision making for companies in many industries such as retail, media, and financial services, and across many departments such as sales, marketing, and operations. Connect with us at LinkedIn, Twitter, Facebook, or visit http://www.tellius.com.
Alvin Wong, Tellius, http://www.tellius.com, +1 703-673-0113, [email protected]
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