Yottaasys raises Pre-series A Funding
Tuesday October 30, 2018,
3 min Read
Bangalore-based data sciences start-up Yottaasys offering a data sciences and machine learning Product NIRMAAN, raised an undisclosed amount of pre-series A funding. The company will use the capital that it will raise to scale its product NIRMAAN to further enter global markets. The fund round is going to be led by Mr. Soham Shah and other HNI’s. “ Yottaasys is showing great growth potential and is going to disrupt the market going forward with the advent of its new product NIRMAAN”- Mr. Soham Shah, investor said in a statement
Yottaasys was founded in 2014 by Arun Pandey and Dinesh Krishnan. Mr Arun Pandey, CEO and co-founder of Yottaasys said “Our product NIRMAAN is going to be a game changer with its features such as predictive maintenance, quality management and demand forecasting”. He is also a Chief Data Scientist, Author, Innovator and a Passionate Technology Follower. He comes with over 16 years of deep dive, hands-on experience in several fortune 500’s companies in highly challenging roles. He also has around 5 years of first-hand entrepreneurial experience as the captain of the ship and Yottaasys is his second successful start-up. Achievements: Winner of AI Innovator award for 2018, Winner of Emerging Start-up CEO award for 2017, Author of a best-selling technology book, Most valuable player at Oracle 3 times in a row, also many best industry awards.
While Mr Dinesh Krishnan, COO is a Passionate Salesman with over 18 years of deep dive, hands-on background in Organization Development in very strategic large-scale setups, bringing in a balance of both business-focused and technology-focused work using change management methods. Achievements: Winner of AI innovator award for 2018, Winner of Emerge 50 for 2017, Co-Author of a best-selling technology book. " Yottaasys is a young Analytics company and extreme innovation is in our DNA, we take the most critical problems of our customers and resolve it using advanced statistical, search and big data technologies.” -Dinesh Krishnan, co-founder said in a statement.
Receiving the prestigious NASSCOM AI Game Changer Award
Since its inception, the company has been actively involved in solving some of the most complicated business problems of several Fortune 500 banking, financial services, insurance, IT and ITES customers using DSF.
NIRMAAN is a Data Sciences product which helps users of all experience levels to solve business problems statistically and that too with great value & affordability. It has been segmented by verticals and domain focus areas include BFSI, Hi-Tech Manufacturing(FMEA bots) and Supply Chain Management(Last Mile delivery bots). It helps Enterprises rapidly execute data sciences tasks and predict outcomes in almost real-time manner, once predicted the outcomes can also be converted into Yottabots which can travel across smart devices, IoT enabled machines and deliver actionable intelligence.
The product plans to explore the impact of change in manufacturing performance index for AI decision making. Also, to optimise energy utilisation through connected plant utility management. And to explore the impact of change in manufacturing performance index for AI decision making.
Yottaasys has created innovative solutions and paradigms which handle pyramid of disruptions in analytics by doing it differently using a unique combination of significant technology acumen, deep business understanding and advanced analysis techniques built along with innovative solutions.