Indix secures $4.5 mn in Series A funding from NVP, Avalon Ventures

The company had earlier raised $1.4 mn in financing from seed investors, including Nexus Partners

Big data and analytics firm Indix on Wednesday said it had secured $4.5 million in new funding from venture capital firms, Nexus Venture Partners and Avalon Ventures. The company had earlier raised $1.4 million in financing from seed investors, including Nexus Venture Partners.

Indix is a Seattle, USA, and Chennai, India, based company working on big data, analytics, visualizations and applications that help product and services companies manage and get the most out of their product portfolio. The company is building a cloud-based product for individuals in businesses around the world and will continue to be in stealth mode until later this year, said a press release.

“Indix is working on a disruptive concept that addresses a compelling need”, said Naren Gupta, co-founder & MD, Nexus Venture Partners. “Indix has a brilliant team and we are very excited to work with them,” he added.

Indix was founded in 2010 and started operating in late 2011.