Semantify, Inc., a Chicago, IL-based cognitive discovery and analytics platform, closed a Series A round of funding of undisclosed amount.
The round was led by KGC Capital, with participation from KDWC Venture Fund and Bridge Investments, Jai Shekhawat (Founder and former CEO of Fieldglass acquired by SAP), Rana Talwar (former CEO of Standard Chartered Bank), Ashoke Dutt (Semantify’s CEO) and Vishy Dasari (cofounder). In conjunction with the funding, Chris Capps from KGC Capital will join the board.
The company intends to use the funds to accelerate market penetration.
Led by Dutt and Dasari, Semantify provides a platform that that combines natural language query with semantic technologies to enable instant discovery, analytics, and deep insights into data and content for business users without having to depend on data experts to code queries. The solution is used by organizations in Financial Services and Governance Risk and Compliance, Healthcare, Insurance, Life Sciences, Manufacturing, and Retail industries.
The company also has offices in New Jersey, Texas, California, Georgia, the United Kingdom, and India.