Helion leads $30m round for big data start-up Axtria

Axtria was set up in 2010 by the founders of MarketRX, an analytics provider for the pharma and biotech industry. The start-up develops proprietary analytical applications like salesIQ, marketingIQ and riskIQ. It claims to have over 500 employees and focuses on areas such as life sciences, healthcare, banking, financial services, retail and consumer packaged goods.

Axtria previously raised a $2.5 million Series A round led by Sequoia Capital India in 2010. Sequoia is understood to exiting the business.

"Analytics services is an over $20 billion market with plenty of headroom for growth. Today, the infrastructure, software and analytical capabilities exist to transform the way enterprises drive data-driven insights in their business processes," said Sanjeev Aggarwal, co-founder and senior managing director of Helion. "Axtria sits at the cusp of this revolution in analytics, with a unique blend of industry and functional domain, technology, analytics and services capabilities,"

The company will use the extra capital to build its team, build a sales force, increase marketing, develop products and expand into new markets. The company is looking to expand to Europe next year. Aggarwal will join the board of the company as part of the deal.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Technology
• Early-stage
• Helion Ventures
• India
• Venture
• Technology