Glassbeam Raises $3 Million
Glassbeam is a machine learning data analytics company that has raised $3 million in additional equity funding. This investment will be used for developing their next-generation product innovation, expanding the customer and partner ecosystem, and for building a dedicated Data Science team.
Glassbeam will also expand their offices in the U.S. and India to new locations by the end of the year to accommodate their double employee capacity. This new round of funding was led by venture capital firm VKRM Group.
Kumar Malavalli, the lead investor at VKRM Group and co-founder of Brocade Communications and InMage Systems is the chairman of the Glassbeam board of directors.
“Since inception, I’ve been pleased with Glassbeam’s growth and traction in the market,” stated Malavalli. “The company is committed to its customers, maintaining a high degree of innovation and transformation for turning complex machine data analytics into actionable intelligence. The promise of Glassbeam’s core technology, coupled with the management team’s pedigree and success, provide exciting growth prospects.”