Latize, a Singapore-based company focused on linked data analytics solutions, yesterday (9 February 2015) announced that it has completed a successful round of growth financing from equity investors.
The round was led by August Capital Partners and SPRING SEEDS Capital, followed by top tier private investors from bulge bracket financial institutions.
The funds will be used to "accelerate product innovation and extend the company's reach globally," said Vikram Mengi, Latize's co-founder and chief operating officer. He added that the Ulysses 2.0 — Latize's flagship product that was recently accredited by the Infocomm Development Authority of Singapore — will be developed further to meet international market demand.
Ulysses 2.0 is a linked data platform that automatically connects internal and external data around related entities across multiple systems, and proactively draws connections and insights for the user. The connected data can be accessed within the corporate environment with a browser to facilitate quick and informed decision making.
By enabling users to self-navigate existing data without having to rely on business intelligence teams to perform simple queries, Latize helps organisations reduce manpower costs. Data patterns, trends, and connections presented to business users also help them to discover new opportunities through hypothesis development.
Product development and expanding footprint
As part of its product development roadmap, Latize is working on seamless machine-to-machine (M2M) communication, which allows machines to consume, process, and take action on data without human intervention. M2M is thus a key enabler for the Internet of Things.
Latize is expanding its footprint in the Asia Pacific region through strategic tie-ups. As a certified technology partner of Dell's Technology Partner Programme, Latize can now offer solutions that combine hardware and software and can be quickly deployed. Latize also chose Fuji Xerox as its value-added reseller in the region. Under that partnership, Fuji Xerox will be selling and implementing Latize's solutions.