Powerlytics secured $4M in Series B Funding round backed by Brewer Lane Ventures


Powerlytics, a data-based provider platform has now secured $4 million in the funding round.

The round was backed by the Brewer Lane Ventures, a Venture Capital firm with a focus on financial technology.

Powerlytics is founded by the Kevin Sheetz in the year 2011. It offers a proprietary big data analytics platform that analyses financial information from publicly available in the US government sources and reconstructs it into actionable financial information that gives a comprehensive financial view of the American economy. The company has secured a total of $6.7 Million in two funding rounds, according to CrunchBase.

Executive Opinion

Kevin Sheetz, CEO and Co-Founder at Powerlytics said, "This investment is a testament to the strong foundation we’ve built with our proprietary data and predictive analytics. Our products are well- situated to help companies through the current season of economic uncertainty. We are excited to have Brewer Lane Ventures join our team to help accelerate our growth."

John Kim, Founder and Managing Partner at Brewer Lane Ventures, said, "Powerlytics’ track record shows that its data can identify risks and opportunities in a wide range of economic conditions. We plan to utilize our significant experience in financial services to assist Powerlytics with its strategy, operations, and client acquisition efforts."

Powerlytics' Latest Funding

Post funding, Brewer Lane Ventures’ founder and Managing Partner, John Kim, will join as the Powerlytics, Board of Directors team.

The company, as of now, has plans to use the new funds to grow all aspects of the business and increase its sales, product management, and data science teams.

PC: Pablo, Unsplash

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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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