Course5 Intelligence, a analytics and AI solutions company, announced on Thursday that it had funded $55 million for targeted acquisitions and increased its investments in generative AI, deep learning, computer vision, and natural language processing.
The round was led by a $28 million investment in Course5 from the tech fund of 360 ONE Asset.
As per Course5 Intelligence, it will surpass $100 million in revenue in the upcoming fiscal year and will begin the IPO process in the following 18 months.
Course5 Intelligence said it is on track to cross $100 million in revenue in the next fiscal and plans to launch its IPO in the next 18 months.
“Course5’s growth and client wins are largely due to our focus on building a world-class talent pool, driving innovation through our AI Labs, and creating business impact through the work we do,” said Ashwin Mittal, Chairman and CEO of Course5 Intelligence.
“This funding will enable us to continue to invest in augmenting our value proposition for our clients,” he added.
The company’s enterprise analytics solutions have been integrated with Open AI’s GPT models for generative AI, allowing businesses to quickly capitalize on the newest technological advancements.
“Course5 has emerged as a leading data analytics and insights player, with strong IP-led solutions and deep domain knowledge across technology, media and telecom, life sciences, consumer packaged goods, and retail,” Chetan Naik, Fund Manager and Senior EVP at 360 ONE Asset, stated.