Nugit, a Singapore-based artificial intelligence and data analytics startup, raised US$5.2M in funding.
Sequoia India made the investment.
The company intends to use the funds to accelerate its R&D efforts.
Led by David Sanderson, Founder and CEO, Nugit combines artificial intelligence, natural language generation, and visual design to provide an intelligent platform that turns fragmented marketing data into decision-ready reports that integrate into marketers’ workflows.
Founded in 2013, the company currently hires a team of 27 data scientists, engineers, designers and strategists.
Clients include Facebook Inc, Johnson & Johnson, Digi, GroupM, Starcom and Publicis.