Stelae Technologies, an enterprise software company based in Bengaluru and Chennai, has raised an undisclosed amount through a Pre-Series A round funding, led by Earlsfield Capital, UK, Saha Fund, former Infosys veteran Mohandas Pai and other Cross Border Angels. Stelae Technologies, initially bootstrapped, generated funds through customer revenue. The company, with this round of funding, aims to improve its delivery processes and its direct sales in order to acquire more flagship customers in their focused sectors.
The company’s product, Khemeia, which is pending patent has automated content transformation and unlocks content in any format to be analysed, which could not be analysed or searched before. “Our uniqueness is in the different algorithms in the software. We have about 70 of them that analysis content exactly like the human eye, it recognises titles, paragraphs, images and more,” explains Aruna Schwarz, CEO, Stelae Technologies.
Being an enterprise company, Stelae Technologies, believes that innovation is constant in their algorithms. Aruna believes that their product is changing the whole manual game and is replacing their competitors either in-house or are being asked to use their software.
Since its launch, the company has focused and strived to build the best product in the enterprise spectrum and ensured it solves its customers’ day to day problems with its product. “We focused on our product niche, we focused on one problem and excelled at solving it,” says Aruna. “We really built the product with the customers, who have followed us along our journey and big name came along like Rolls Royce to fine tune the product,’’ she adds.
Stelae Technologies, despite all the success has a very clear vision of being acquired by one of their technology partners. The company has now built a brand and is focusing on expanding their horizon throughout the globe.