Indian data science firm TheMathCompany raises $50 million in its recent funding round led by Brighton Park Capital, an investment firm that primarily funds growth-stage software, healthcare, and tech-enabled services providing companies. Other investors, including Arihant Patni, also participated in the latest funding round.
TheMathCompany plans to use the fresh funds to expand into other global markets like Europe and the United States. The firm will also utilize the funds to further enhance its platform named Co.dx.
The platform is a highly capable solution that drives value for business through analytics at speed and scale. Avendus Capital and Shardul Amarchand Mangaldas & Company served as financial advisor and legal counsel to TheMathCompany during the funding round, respectively.
CEO of TheMathCompany, Sayandeb Banerjee, said, “We are thrilled to announce Brighton Park Capital’s investment. The firm’s deep technology sector expertise and proven track record of scaling global enterprises will be instrumental to our growth.”
The Bengaluru-based technology company The MathCompany was founded by industry veterans Aditya Kumbakonam, Anuj Krishna, and Sayandeb Banerjee in 2016. The firm has been recognized several times as one of the fastest-growing analytics companies in the world. It specializes in helping companies buck age-old trends and create demonstrated value with the help of robust analytics transformations.
TheMathCompany hires talented data scientists and engineers across the globe from leading institutions and provides them with best-in-class training once they get on board. TheMathCOmpany works with Fortune 500 companies operating in multiple industries, including automotive, CPG, retail, technology, manufacturing, and many more.
“TheMathCompany is positioned for continued success as it strengthens its brand recognition and expands in the US and EU markets, supporting customers on their missions to capture value through data analytics,” said Managing Partner of Brighton Park Capital Mark F. Dzialga. He also mentioned that they look forward to partnering with TheMathCompany and its team to support its growth.