First institutional spherical of funding bolsters Celebal Applied sciences’ mission to modernize conventional enterprises leveraging cloud innovation capabilities
PALO ALTO, Calif. and HOUSTON and JAIPUR, India, Nov. 23, 2022 /PRNewswire/ — Celebal Applied sciences, a premier software program consulting and supply group, specializing in cutting-edge applied sciences akin to AI, Large Knowledge, Knowledge Science, and Enterprise Cloud, in the present day introduced that it has secured a $32 million minority progress funding from Norwest Enterprise Companions, a number one enterprise and progress fairness funding agency. That is Celebal Applied sciences’ first institutional funding and marks the start of a brand new chapter within the firm’s progress story. The funding will strengthen its foothold in present markets throughout North America, India and Asia Pacific in addition to gasoline its enlargement in new territories throughout Europe, Center East and Japan. Among the funds could be utilized in direction of growing supply capability and constructing business targeted resolution accelerators.
Based by tech visionaries, Anupam Gupta and Anirudh Kala, Celebal Applied sciences is a high-growth agency that employs 1,600+ software program engineers delivering new-age options to over 100 purchasers globally. The corporate’s distinctive experience lies on the intersection of “Conventional Enterprise” and “Trendy Cloud Innovation”. Celebal Applied sciences is a Premier International Associate of Microsoft and Databricks. It gives differentiated companies and accelerators on the Microsoft Azure and Databricks platforms to drive steady innovation and empower enterprises of their digital transformation journeys throughout numerous industries akin to manufacturing, monetary companies, power, CPG, retail and healthcare. Celebal Applied sciences was acknowledged because the winner of the 2022 Microsoft India Associate of the Yr for the second consecutive 12 months and the 2022 Databricks Associate of the Yr for Asia Pacific and Japan.
“We’re enthusiastic about our partnership with Norwest Enterprise Companions, who’ve an enviable monitor file of constructing scaled new-age know-how corporations globally. They perceive our enterprise and are enthusiastic about corporations within the next-gen Cloud, Analytics, and AI companies segments,” mentioned Anupam Gupta, an IIT Bombay Alumnus and co-founder of Celebal Applied sciences. “By way of market potential, we really feel we have simply scratched the floor and this partnership will allow us to pursue progress alternatives within the Microsoft and Databricks ecosystem.”
“We’re happy to welcome Celebal Applied sciences to the Norwest household,” mentioned Shiv Chaudhary, Managing Director of Norwest Enterprise Companions. “Celebal Applied sciences continues to display robust, differentiated execution and workforce tradition. The corporate is laying the muse for additional scale and capturing the very giant international market alternative.”
“We’re bullish on the expansion of the digital know-how companies sector and offshore supply. With a robust DNA of innovation-led tradition and customer-centricity, backed by robust partnerships with Microsoft and Databricks, we’re well-positioned to capitalize on new alternatives and serve our fast-growing roster of purchasers,” mentioned Anirudh Kala, co-founder and CEO of Celebal Applied sciences. “Norwest’s deep enterprise and know-how companies sector experience, together with its international portfolio presence, enhances Celebal Applied sciences’ strengths and talent to develop the enterprise in key markets and in new domains like sustainability.”
Avendus Capital acted because the unique monetary advisor and Shardul Amarchand Mangaldas & Firm served because the authorized advisor to Celebal Applied sciences. Shardul Amarchand Mangaldas & Firm served because the authorized advisor to Norwest Enterprise Companions.
About Celebal Applied sciences
Celebal Applied sciences is a number one software program companies firm specializing in AI, Large Knowledge, App innovation and Enterprise Cloud. They accomplice with Fortune 1000 and equal organizations and assist them develop into knowledge pushed and propel them of their digital innovation journeys. Celebal Applied sciences gives a variety of choices round Knowledge Science, Knowledge Engineering, Cloud Innovation, Chat Bots, Low code Platforms, Course of Automation and many others. The Firm gives tailored options targeted on Industries like FSI, Manufacturing, Retail, Healthcare and many others. together with enterprise choices for Buyer 360, Provide Chain, Logistics, Monetary Analytics and Sustainability and many others. Celebal Tech’s flagship providing is the ERP. Lengthen and Innovate program with Knowledge, Analytics, Integrations, Trendy Apps and course of intelligence leveraging the Azure and Databricks panorama. For extra details about Celebal Applied sciences, please go to www.celebaltech.com.
About Norwest Enterprise Companions
Norwest Enterprise Companions is a Palo Alto based mostly enterprise and progress fairness funding agency managing greater than $12.5 billion in capital. The fund has invested in 650+ corporations throughout early to late-stage progress stage and is at present partnered with greater than 200 corporations throughout a variety of sectors together with shopper, enterprise and healthcare. For extra details about Norwest, please go to www.nvp.com.
SOURCE Celebal Applied sciences