BRIDGEi2i Analytics Solutions, today announced that it has secured Series A growth capital from Edelweiss Private Equity, the Venture Capital and Private Equity arm of Edelweiss Financial Services, one of India’s leading diversified financial services conglomerate.
BRIDGEi2i was founded in 2011 by former GE and HP executives, with the vision of enabling enterprises realize sustainable business impact through data driven insights, leveraging algorithms and technology. The company has built a significant global customer base, including 10 of the Fortune 100 companies across Technology, Manufacturing, Financial Services, Insurance and Retail sectors.
“This investment will fuel our ability to deliver greater value to customers by enabling us to accelerate the development of our machine learning based business applications along with significant expansion of our consulting teams across the United States and India” says Prithvijit Roy, CEO of BRIDGEi2i.
“Our partnership with Edelweiss is exciting because we share the same vision and we look forward to their strategic inputs as we look to grow multi-fold in the next few years” Prithvijit added.
“Big Data and Analytics is becoming a critically important driver for business success across sectors globally. We are impressed by what the BRIDGEi2i has achieved in a relatively short span of time, in transforming large enterprises through their impact driven approach” says Pranav Parikh, head of Private Equity and VC funds, at Edelweiss. “What is unique about BRIDGEi2i is their differentiated offering that blends analytics expertise with technology and a proven leadership team, which positions it well for a non-linear growth trajectory.” Pranav added.
With this investment, Edelweiss has acquired a minority stake in the Company and Pranav Parikh will be joining BRIDGEi2i’s Board. BRIDGEi2i was advised by Sparrow Advisory on this transaction.
