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Crayon Data, a big data analysis company in which veteran industrialist Ratan Tata and Infosys Co-Founder Kris Gopalakrishnan invested in, is planning to raise Series B round of funding to the tune of around $11 million from existing and new investors. The fund would be used for expansion in western markets, including in the US, and for technology development.
The company was founded in 2012 and provides big data analysis to banking, airline and hospitality businesses. It has become profitable in 2018 in earnings before interest, tax, depreciation and amortisation (Ebitda) and is cash positive. “We have achieved the growth that
