Course5 Intelligence, a Bellevue, WA-based analytics & AI solutions company, completed their round of funding of USD 53m.
A second close was led by Nuvama Crossover Series of funds, managed by Nuvama Asset Management Limited, with participation from Carnelian Asset Advisors Pvt Ltd. and affiliates. This funding follows the first close done with 360 ONE Asset Management Limited (formerly known as IIFL Asset Management Limited) in May 2023.
This growth round will consolidate Course5’s inorganic growth plans and allow the company to leverage the synergies by adding new intellectual property (IP), capabilities, talent, and/or key client relationships, and further innovate in specific areas of applied AI such as deep learning, computer perception, natural language, and Generative AI via Course5’s AI Labs.
Led by Ashwin Mittal, Chairman and CEO, Course5 Intelligence focuses on helping organizations drive digital transformation using artificial intelligence (“AI”), advanced analytics, and insights. Its AI-driven products and solutions and IP-led solutions are supported by industry-specific domain experience and the latest technologies and aim at enabling organizations to solve complex issues relating to their customers, markets, and supply chain at speed and scale. Course5 combines a multi-disciplinary approach to data integration across structured and unstructured data sources to help businesses grow through informed decision-making.
The company’s clients span Technology, Media, and Telecom (TMT), Pharma & Lifesciences, CPG, Retail, and other sectors.
Course5 has also absorbed Incivus, an AI-based Ad creation and optimization technology startup. Incivus provides a precise, objective and granular evaluation of all creative variables of an Ad and predicts the likelihood of success with technologies like Computer Vision, Computer Audition, Generative AI, and Natural Language Processing (NLP).
The company is currently in talks with five companies and plans to complete two acquisitions, over a period of 12 months.
FinSMEs
06/06/2023