Axtria, big data analytics firm in New Jersey, has raised $30 Mn in Series C funding led by Helion Venture Partners. Silicon Valley venture capitalist ‘Desh’ Deshpande, along with other existing investors Amar Sawhney, Rick Braddock and Fred Khosravi, participated in the round with Helion, a statement issued by Helion stated. Axtria’s cloud-based analytical applications have over 10,000 users currently, and the latest funding will be used to accelerate hiring, build a sales force, increase marketing, develop products and expand markets into new verticals and geographies, the statement added.
There is a gap between regulatory requirements and outcomes of existing approach to stress testing. This gap relates to the ability to make stress testing..
Axtria is pleased to announce that it has been selected as a Red Herring Top 100 North America winner.