Celebal Technologies raises $32 mn

Mumbai: Celebal Technologies, which specialises in AI, big data and enterprise cloud among other technologies, has secured its maiden institutional funding worth USD 32 million (about Rs 261 crore) from Norwest Venture Partners, which will pick up a minority stake in the firm.

The Jaipur-based startup on Wednesday said the investment will strengthen its foothold in existing markets across North America, India and the Asia Pacific as well as will help enter Europe, the Middle East and Japan. The funds will be used towards increasing delivery capacity and building its solution accelerators.