Spire Technologies Raises USD 8M in Series A Funding at USD 23M Post-Money Valuation

Spire Technologies Raises USD 8M in Series A Funding at USD 23M Post-Money Valuation

BANGALORE, India, February 27, 2014 /PRNewswire/ --

    Bangalore based Big Data technology company Spire Technologies
[http://www.spire2grow.com ] recently raised USD 8 million in its Series A funding, at a
post-money valuation of USD 23 million, from a strategic long-term investor. Spire
[http://www.spire2grow.com ] empowers informed decision making with over 95% accuracy in
contextual demand-supply mapping [http://youtu.be/DKpNQyugkUo ] based on 'unstructured'
[http://www.spire2grow.com/main/node/123 ] Big Data from enterprise systems and internet.

    (Logo:
http://photos.prnewswire.com/prnh/20140227/672094 )

    Spire will deploy the funds to grow its business in US, EMEA and APAC markets in
addition to investing in technology, talent and marketing. The company will unveil its
game-changing solutions [http://www.spire2grow.com/main/node/136 ] at a series of global
conferences and exhibitions over the next six months.

    Spires [http://www.spire2grow.com/main/node/123 ]Context Intelligence(TM) Platforms
[http://www.spire2grow.com/main/node/120 ] can be applied across industries and across
functions. As the architecture is industry neutral, it can be applied across domains with
current focus on Talent Management [http://www.spire2grow.com/main/?q=node/138 ], Customer
Relationship Management [http://www.spire2grow.com/main/node/136#crm ], Market Research
[http://www.spire2grow.com/main/node/136#crm ] and Fraud Intelligence
[http://www.spire2grow.com/main/node/136#FraudIntelligence ].

    Spire's SpiroBot(R) Big Data processing engine and Contextual Search Platform
[http://www.spire2grow.com/main/node/133 ] can be applied as efficiently in B2C and C2C
models as it has already been proven to improve efficiency >9X in certain B2B
applications.

    "We will now be able to pursue our vision of unleashing a global wave of business
transformation solutions [http://www.spire2grow.com/main/node/137 ] that deliver
unprecedented ROI by using the power of Big Data, especially unstructured data that is
curated in unique ways," said Saurabh Jain
[http://www.linkedin.com/profile/view?id!50278&authType=NAME_SEARCH&authToken=xakf&locale=en_US&srchid2948601385966729185&srchindex=1&srchtotal=1&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A132948601385966729185%2CVSRPtargetId%3A2150278%2CVSRPcmpt%3Aprimary ]
,
Founder & CEO, Spire Technologies.

    Encube Venture Partners LLP [http://www.encubeindia.com ], a Bangalore-based
investment advisory firm, provided strategic finance consulting and advice to Spire on
this investment. (http://www.encubeindia.com)

    About Spire Founded in 2007, Spire Technologies & Solutions Pvt. Ltd. is a Bangalore
(India) based Big Data analytics & contextual search technology company with unique and
revolutionary applications across functions and across industries. To know more about
Spire, visit http://www.spire2grow.com

       
        Press Contacts:
        Poonam Singh
        Poonam.singh@spire2grow.com
        +91-9980573163

    Photo:
    http://photos.prnewswire.com/prnh/20140227/672094

Photo:http://photos.prnewswire.com/prnh/20140227/672094
http://photoarchive.ap.org/
Spire Technologies