Earlsfield Capital Invests in Stelae Technologies

We are delighted to share a handful of press articles on the back of our investment in Stelae Technologies (www.stelae-technologies.com); a winner of the Nasscom Emerge 10 award in 2015, the IBM Global Entrepreneur Award in India & Asia Pacific and among the 9 Global Finalists in 2014, Winner of TechSparks 30 in 2013

Article Sourced from Bloomberg.com…

BRIEF: Stelae Tech raises funds from Earlsfield Capital, Mohandas Pai and others [Mint, New Delhi]

Nov. 26–BENGALURU — Stelae Technologies Ltd, the maker of software that analyses documents using artificial intelligence, said on Thursday that it has raised an undisclosed amount of funding from Earlsfield Capital, UK; Saha Fund, a women-focused venture capital fund; Cross Border Angels, an angel network; and formerInfosys Ltd veteran Mohandas Pai.

The Chennai- and Bengaluru-based firm plans to use the investment to scale up its operations and does this analysis through a software called ‘Khemeia’, which detects elements in documents through pattern-recognition algorithms.

“The Enterprise B2B (business-to-business) big data sector remains a high growth space, and Khemeia is a product platform built to scale globally and across sectors, as it transforms the ability of enterprises to utilize data that was previously inaccessible or difficult to convert. As backers of high-growth Indian businesses, we look forward to drawing upon our international experience to help Stelae scale and continue pushing the barriers,” said Sumeet Pillai, founding partner at Earlsfield Capital, in a statement.

Link to Bloomberg article

Wider press coverage…

Article on inc42.com

Business-Standard.com

NextBigWhat.com

 

Happy reading!


Author: Dishang Pateldish-colour