NGDATA, a “customer-intelligence-management-solutions-company” (what a word…), today announced that it has closed a $3.3 million investment round led by Capricorn Venture Partners with participation from existing investors. The investment will be used to advance the development of the NGDATA’s customer intelligence solution, Lily, and build upon the company’s revenue growth.
Over the past 12 months, NGDATA has expanded its global presence, opened multiple offices throughout the United States, and executed a number of strategic partnerships with companies such as Clear2Pay and Cloudera, where NGDATA developed and delivered sophisticated indexing capabilities to Cloudera Search.
Since its foundation, the company gained traction in key industries such as financial services, telecom and media/publishing, and grew its customer base with leading global companies, including France Telecom, KBC and Orange. In addition to customer and partner activity, NGDATA’s dedication to product innovation was the driving force behind the launches of Lily 2.0 and Lily 2.4, and the acquisition of ENQIO—a move that provided the company with an experienced team of data scientists.
Katrin Geyskens, Partner at Capricorn Venture Partners, stated: “NGDATA brings a unique and effective offering in its Big Data solutions, providing companies with the ability to gain deeper insights into their data—and its growing customer base and revenue streams are testament. We’re thrilled to join NGDATA’s team as the company moves into its next phase of growth and expansion in the U.S.”