India: vPhrase Analytics Solutions raises funding from Venture Catalysts

Mumbai-based vPhrase Analytics Solutions Pvt. Ltd, which runs artificial intelligence-based data analytics platform, has raised an undisclosed amount from early stage investors Venture Catalysts, the investor said, in a statement on Tuesday.

The company will use the fund for product development and marketing activities.

Founded by Neerav Parekh, vPhrase helps companies make their reports easier to understand for their employees and customers. It creates personalised narratives for each customer and highlights relevant points which need attention. It claims to be optimising time management by streamlining the understanding process.

“In today’s digital age, companies are drowning in data. However, to make sense of the data, they are using dashboards and visualizations. But visualizations are not insight. You need to interpret visualizations to draw insights from them. And to interpret, you need expertise and time without which the insights never get fully understood,” said Parekh, founder, vPhrase Analytics.

“Our technology helps businesses communicate the insights in their data, to their people, in an easy to understand narrative format,” he added.

The company’s patent-applied platform, Phrazor, analyses data, derives insights and communicates those insights in multiple languages. By automating the work of analysis and communication which has so far been the forte of expensive domain experts, vPhrase claims to be bringing down the cost of delivering insights from data analytics to a fraction.

“With the company fast emerging as a potential game changer in the field of artificial intelligence-based data analytics, we are confident that the funds as well as our extensive support network will aid vPhrase in becoming an industry leader on a global level,” said Apoorv Ranjan Sharma, co-founder, Venture Catalyst.

It is working with two of the top five private Indian banks besides a bunch of other companies in insurance, media and engineering space, it said without disclosing the names.

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This story was first published on Livemint

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.