India-based TheMathCompany, a data engineering startup that builds custom data analytics and artificial intelligence platforms for businesses to meet their needs in terms of speed, reusability, and customisation, raised USD 50 million on 13th January 2022.
Investors: The investment round was led by Brighton Park Capital, an investment firm focused on tech-enabled services, software, and healthcare. Existing investor Arihant Patni also participated in the investment round.
Purpose of funding: The funding will be used to improve the startup’s platform, reach out to clients, and expand across North America and Europe. In addition, Co.dx, its proprietary next-generation platform, will be enhanced to provide companies with analytics at speed and scale.
Founded in 2016n by Aditya Kumbakonam, Anuj Krishna, and Sayandeb Banerjee. TheMathCompany is a data engineering startup that builds custom data analytics and artificial intelligence platforms for businesses to meet their speed, reusability, and customisation needs. TheMathCompany’s AI master engine, Co.dx, enables customers to create AI-based applications customised for their specific needs and solve challenges ranging from algorithm development to performance monitoring.
The company has grown significantly with more than 500 customers across industries such as CPG, Retail, Pharma, Automotive, Technology, and Manufacturing in the US, UK, and EU in recent years.
What the founders have to say
“We are thrilled to announce Brighton Park Capital’s investment,” said Sayandeb Banerjee, Co-Founder and CEO at TheMathCompany.
“The firm’s deep technology sector expertise and proven track record of scaling global enterprises will be instrumental to our growth.”
“While most players in the industry have taken decades to grow to our size, we have built this strong foundation within five years. Brighton Park Capital’s partnership will further accelerate our plans to become the world’s leading global analytics consultancy,” said Aditya Kumbakonam, Co-Founder and Chief Customer & Growth Officer at TheMathCompany.
“As we grow and evolve, this investment will help us continue to bring elevated service and consistent quality to our customers.”
“With Brighton Park Capital as investors, we are excited to continue creating better opportunities for our people to grow their careers while expanding the business globally. TheMathCompany will continue to invest heavily in Co.dx – a significant and meaningful differentiator in our journey to help enterprises scale and solve problems faster,” said Anuj Krishna, Co-Founder and Chief Product Officer at TheMathCompany.
What the investors have to say
“We look forward to partnering with TheMathCompany’s founders and the entire team to support their continued growth,” said Mark F. Dzialga, Managing Partner at Brighton Park Capital.
“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.”
“TheMathCompany is poised to become one of the largest data and analytics consultancies in the world, supported by a world-class team of data engineers and scientists, and complemented by the power of the Co.dx platform to deliver more value, faster, for customers. I couldn’t be more excited to partner with Sayandeb, Aditya, and Anuj on the significant opportunities ahead,” said Jeff Machlin, Partner at Brighton Park.
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