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Business Economy


Kris Gopalakrisyhnan invests in Crayon data

Bengaluru Nov 7(UNI) Infosys cofounder Senapathy Kris Gopalakrishnan has made a personal investment in Crayon Data, a leading Asian big data company.

According to a Company release here on Monday the investment is part of Crayon’s Series A2 round of funding. Previous investors include, Jungle Ventures, Tata Sons chairman emeritus Ratan Tata, Mitsui and
Co., Ltd. and many prominent angels.

Speaking on the investment, Mr Gopalakrishnan said, ''I see that the future of business will be the ability to leverage AI and big data to create ‘personal’ digital experiences for millions of customers. Crayon has a unique ability to bridge multiple worlds:analytics to digital, offline to online, internal, and external data. This makes them as critical to credit cards, travel and hospitality, and retail enterprises, as a Bloomberg terminal is to
traders today''.

Crayon’s TasteGraphTM globally maps nearly 4 million restaurants, over a million hotels and 500,000 attractions, among other categories. Its Choice AI has been awarded patents in the US and
Singapore.

Crayon will use the Series A2 investment to further enhance MayaTM and expand the global footprint of the company.

Crayon, a portfolio company of Jungle Ventures, has been accredited as one of the most successful and innovative big data start-ups in 2014 and 2015, by global platforms such as Gartner, TiEcon, CEBIT, IBM Watson, Intech50 and OrangeFab.
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