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AI-driven Autonomous Analytics Platform, Hypersonix secured $11.5 Million

AI-driven Autonomous Analytics Platform, Hypersonix secured $11.5 Million

Hypersonix

Hypersonix, a California based provider of AI-driven autonomous analytics platform, has now secured $11.5 million in Series A funding round.

The round was backed by the Intel Capital with participation from existing investors.
Hypersonix is led by the Prem Kiran and Rama Rao.

Hypersonix leverages innovations in Machine Learning, Natural Language Processing, and real-time data computing to offer autonomous analytics and decisioning platform to transform consumer commerce data. Its predictive analytics can measure and monitor organization results, clarify why results are occurring, and recommend actions to drive some of the significant improvements.

Executive Opinion

Mark Rostick, vice president and senior managing director at Intel Capital, said, "Every wave of IT innovation creates a new set of opportunities. Hypersonix provides enterprises with industry-specific AI capabilities targeted towards decision-makers and business leaders, who demand accelerated time to value. Hypersonix offers an easy to use self-serve platform that interprets and provides insights at a level that allows business leaders to focus on their core business and not overload their IT."

Prem Kiran, Founder & CEO, Hypersonix, said, “Companies of all sizes are looking for guidance amidst unprecedented challenges. We are here to empower everyone within the enterprise with a self-service analytics solution that offers recommendations at the moment, leveraging existing data sources alongside purpose-built engines that understand pricing, churn, consumer behavior patterns, along with external data like weather and local events, to meet the particular needs of consumer commerce.”

Hypersonix's Latest Funding

Post funding, Vijay Reddy, the Managing Director at Intel Capital, will be going to join Hypersonix Board of Directors team, notes the announcement.

The company, as of now, has plans to use the new funding for expansion and deployment of its Autonomous AI Analytics platform within consumer commerce industries, which includes the Manufacturing, Consumer Packaged Goods, Hospitality, retail, restaurant and eCommerce.

PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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