iCreate Software, a Bangalore, India-based Business Intelligence company focused on banking products and solutions, completed a Rs.15 crores Series A round of financing.
The investment was made by IDG Ventures India, an early-stage technology venture capital firm investing in technology and technology-enabled companies.
Founded in 2006, iCreate develops products and provides solutions and services enabling effective and profitable utilization of data in core banking systems. The company has pioneered the “Banking Intellisense” philosophy, a new approach to business intelligence and improvement in banking systems.
The funding will be used to fuel iCreate’s growth strategy which includes building a global sales platform, increasing marketing efforts, and continuing investment in product development.
In conjunction with the funding, Mr. T.C. Meenakshisundaram and Mr. Ranjith Menon of IDG ventures will join the company’s board of directors.