StatX, a Santa Clara, CA-based business notification platform, raised $2.5 million in seed funding.
Backers included Signia Venture Partners, Inventus Capital Partners and XSeed Capital. In conjunction with the funding, Kanwal Rekhi from Inventus Capital Partners and Zaw Thet from Signia Venture Partners joined the StatX Board.
The company intends to use the funds for product development and distribution.
Led by Prasad Raje, CEO and co-founder, and Pablo Bellver, CTO and co-founder, StatX has just launched a universal mobile app that communicates relevant business updates to a mobile phone.
The StatX app allows a user to get the information he or she needs at a glance. This “stat” visually represents metrics that matter to a user and whenever there’s a change, the user is notified via push notifications. The stat can be created and updated interactively on mobile or linked to data in most software systems.
StatX iOS and Android apps are available for free download in the Apple App store and Google Play store.