SignalX
SignalX

SignalX, the Hyderabad (India) based startup that deals with AI governed risk supervision and approvals, revealed on Monday, 13th September 2020 about gaining US$750,000 as investment from a US-ground budding stage VC, 3Lines led funding round.

SignalX-the startup empowering ML-based analysis

SignalX is an AI-supported SaaS platform that analyzes and performs valuations, acquisitions, forensics, mergers, and insolvency used by risk professionals to help out their customers based on India and the US. The company entered the markets on 9th August 2018. The startup is known for it’s advanced corporate and the diligently perfect Artificial Intelligence. Over time the startup has focused on providing organizations with financial strength in deeply researched financial metrics. The startup offers completely automated assessment solutions that are beneficial for the clients and their investments. What makes SignalX unique and better for its accelerated research in less time is it can run more than 200 unmatched and deep research checks for any target in mere 12 hours. The fast turnaround and reputational analysis, along with its rich quality research are quite impressive!

3Line VC and its investment in SignalX

3Lines is a venture capital that has its prime focus on modern software technology with a 70% focus in the USA and 30% in India. The Denver, Colorado-based VC, 3Lines is venturing small staged companies from the year 2016 and has stood up the portfolio of twenty of them. The Venture partner from 3Lines, Rajiv Roy, who has been a technology expert veteran from the last four decades, is said to be joining the Director Board of SignalX. The extensive expert said their focus of investment in customer growth and AI-empowered advancement perfectly lines up with the main motto of SignalX.

The CEO’s vision

As stated by Govind Balachandran, the founder and CEO of SignalX, their purpose is to aid the risk professionals in executing their wide-ranged analysis to meet compliance requirements. With the received funding, they will concentrate on strengthening their foundation platform and starting on their SaaS application, which will further ease up the risk analysis comprehension with better speed and quality.

The startup SignalX was among the 54 startups selected from India for the Microsoft initiative ‘Highway to a Hundred Unicorns’ to assist entrepreneurs in building and expanding the companies through the cloud platform and partner ecosystem. It is worth mentioning that the startup stood among the top-3 startups of Telangna due to this very limelight in early 2020.

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