Company Name : vPhrase Analytics
Funding Amount : Undisclosed
Investor(s) Venture Catalysts
Funding Round : Seed round
Venture Catalysts recently invested in vPhrase Analytics, an artificial intelligence platform that helps companies communicate insights in data, in words, at scale.
The seed investment was led by Apoorv Ranjan Sharma and Daud Ali from Venture Catalysts.
In addition to VCats Angels, Anil Chokhani from the Canada-based Zone Startups also co-invested in the seed funding round, which saw Zone Startups Founder Matt Saunders joining the team at vPhrase as an Angel observer. Also, the platform is partially funded by Centre for Innovation Incubation and Entrepreneurship (CIIE) at the Indian Institute of Management, Ahmedabad (IIM-A)
Founded by Neerav Parekh, vPhrase helps companies make their reports easier to understand for their employees and customers.
Neerav Parekh, Founder, vPhrase Analytics, said, “In today’s digital age, companies are drowning in data. However, to make sense of the data, they are using dashboards and visualisations. But visualisations are not insight. You need to interpret visualisations to draw insights from them. And to interpret, you need expertise and time without which the insights never get fully understood. Our technology helps businesses communicate the insights in their data, to their people, in an easy to understand narrative format.”