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First round of funding from institutional investors strengthens Celebal Technologies’ mission to modernize traditional enterprises with cloud innovation capabilities
Palo Alto, California When houston and Jaipur, India, November 23, 2022 /PRNewswire/ — Celebal Technologies, a leading software consulting and delivery organization specializing in cutting-edge technologies such as AI, big data, data science and enterprise cloud, today announced that $32 million Minority growth investment from Norwest Venture Partners, a leading venture and growth equity investment firm. This is his first institutional investment for Celebal Technologies and marks the beginning of a new chapter in the company’s growth story. This investment will strengthen our foothold in the existing market. North America, India When Asia Pacific as well as facilitate expansion in new areas Europe, middle east When JapanA portion of the funds will be used to improve delivery capabilities and build industry-focused solution accelerators.
Founded by technology visionaries, Anupam Gupta When Anilda Kara, Celebal Technologies, is a high-growth company employing over 1,600 software engineers, delivering new-age solutions to over 100 clients worldwide. The company’s unique expertise lies at the intersection of “traditional enterprise” and “modern cloud innovation.” Celebal Technologies is a premier global partner of Microsoft and Databricks. We provide differentiated services and accelerators on the Microsoft Azure and Databricks platforms to drive continuous innovation across industries such as manufacturing, financial services, energy, CPG, retail, healthcare, and more, helping businesses digitally transform. We help you on your transformation journey. Celebal Technologies has been awarded Microsoft India Partner of the Year 2022 for the second consecutive year and Databricks Partner of the Year 2022. Asia Pacific When Japan.
“We are thrilled to partner with Norwest Venture Partners, who have an enviable track record of building large, new-age technology companies globally. We are passionate about companies in the generation cloud, analytics and AI services segment.,” said Anupam GuptaIIT Bombay graduate and co-founder of Celebal Technologies“We feel we are still scratching the surface in terms of market potential and this partnership will enable us to pursue growth opportunities in the Microsoft and Databricks ecosystem.”
“We are delighted to welcome Cereval Technologies to the Norwest family. Shiv Chaudhary, Managing Director, Norwest Venture Partners“Celebre Technologies continues to demonstrate a strong and differentiated execution and team culture. The company builds on its foundation of further scale and captures tremendous global market opportunities.”
“We are bullish on the growth of our digital technology services sector and offshore delivery. With a strong DNA of innovation-driven culture and customer centricity, underpinned by strong partnerships with Microsoft and Databricks, we are poised for new opportunities. We are well positioned to leverage our rapidly growing roster of clients.” Anilda KaraCo-founder and CEO of Celebal Technologies“Norwest’s deep business and technology services expertise, along with its global portfolio presence, complement Celebal Technologies’ strength and ability to grow its business in key markets and new domains such as sustainability.”
Avendus Capital acted as exclusive financial advisor, Shardur Amarchand Mangaldas & Company acted as legal counsel to Celebal Technologies. Shardur Amarchand Mangaldas & Company acted as legal counsel to Norwest Venture Partners.
About Cereval Technologies
Celebal Technologies is a leading software services company specializing in AI, big data, app innovation and enterprise cloud. We partner with Fortune 1000 and equivalent organizations to help you become data-driven and drive your digital innovation journey. Celebal Technologies offers a wide range of products related to data science, data engineering, cloud innovation, chat bots, low-code platforms, process automation and more. Business offerings such as Customer 360, Supply Chain, Logistics, Financial Analytics and Sustainability. Celebal Tech’s flagship product is his ERP. Leverage your Azure and Databricks landscape to extend and innovate your programs with data, analytics, integration, modern apps, and process intelligence. For more information on Celebal Technologies, please visit www.celebaltech.com.
About Norwest Venture Partners
Norwest Venture Partners is Palo Alto A venture and growth equity investment firm based in $12.5 billion in the capital. The fund has invested in more than 650 of his companies in early to late stage growth and is currently partnering with more than 200 of his companies in a wide range of sectors including consumer, enterprise and healthcare. doing. For more information about Norwest, please visit www.nvp.com.
Source Cereval Technologies
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