Aureus Analytics Pvt Ltd, a Singapore-based Big Data analytics startup, raised approximately $850k in funding.
Backers included Steven Sule, Rajan Anandan, Arun Venkatachalam, and Arihant Patni.
The company intends to use the funds for product development and increase of its engineering and business teams.
Founded in 2013 by by Anurag Shah, CEO, Ashish Tanna, and Nitin Purohit, Aureus provides business users (CEOs, CMOs, etc.) at insurance companies and banks with a statistical and analytical platform which can work across various types of structured and unstructured, internal and external data.
The company also has an R&D centre in Mumbai.