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 resembling AI, Massive Information, Information Science, and Enterprise Cloud, right this moment 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. A number of the funds can be utilized in direction of growing supply capability and constructing trade centered answer 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 shoppers globally. The corporate’s distinctive experience lies on the intersection of “Conventional Enterprise” and “Fashionable Cloud Innovation”. Celebal Applied sciences is a Premier International Companion of Microsoft and Databricks. It presents differentiated providers and accelerators on the Microsoft Azure and Databricks platforms to drive steady innovation and empower enterprises of their digital transformation journeys throughout numerous industries resembling manufacturing, monetary providers, vitality, CPG, retail and healthcare. Celebal Applied sciences was acknowledged because the winner of the 2022 Microsoft India Companion of the 12 months for the second consecutive yr and the 2022 Databricks Companion of the 12 months for Asia Pacific and Japan.
“We’re enthusiastic about our partnership with Norwest Enterprise Companions, who’ve an enviable monitor report of constructing scaled new-age expertise corporations globally. They perceive our enterprise and are obsessed with corporations within the next-gen Cloud, Analytics, and AI providers segments,” stated Anupam Gupta, an IIT Bombay Alumnus and co-founder of Celebal Applied sciences. “When it comes to 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,” stated Shiv Chaudhary, Managing Director of Norwest Enterprise Companions. “Celebal Applied sciences continues to show sturdy, differentiated execution and group tradition. The corporate is laying the inspiration for additional scale and capturing the very massive world market alternative.”
“We’re bullish on the expansion of the digital expertise providers sector and offshore supply. With a powerful DNA of innovation-led tradition and customer-centricity, backed by sturdy partnerships with Microsoft and Databricks, we’re well-positioned to capitalize on new alternatives and serve our fast-growing roster of shoppers,” stated Anirudh Kala, co-founder and CEO of Celebal Applied sciences. “Norwest’s deep enterprise and expertise providers sector experience, together with its world portfolio presence, enhances Celebal Applied sciences’ strengths and skill 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 providers firm specializing in AI, Massive Information, App innovation and Enterprise Cloud. They accomplice with Fortune 1000 and equal organizations and assist them turn into information pushed and propel them of their digital innovation journeys. Celebal Applied sciences offers a spread of choices round Information Science, Information Engineering, Cloud Innovation, Chat Bots, Low code Platforms, Course of Automation and many others. The Firm presents tailored options centered 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 Information, Analytics, Integrations, Fashionable 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 the moment 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