Polestar Solutions Secures Undisclosed Series A Round of Funding
The fundraise is expected to help the company enhance its services and create a strong foothold in the US
Polestar Solutions, a data analytics and enterprise performance management (EPM) startup, announced today that it has raised an undisclosed amount in series A funding from a US-based strategic investor.
The round of investment is driven by the significant revenue growth, strong traction (across segments and geographies), and competitive advantage the company has consistently established over consecutive years, the startup claimed in a statement.
Chetan Alsisaria, CEO and co-founder, Polestar Solutions said, “The fundraise is a strategic partnership and we will deploy these funds to fuel our growth in the US and India. We will also invest in scaling our services to serve the growing demand for competitive data intelligence and actionable business insights. As we continue to build our presence and venture into new markets, we want to attract the best talent to join our community and support our growth.”
The fundraise will help the company enhance its services and create a strong foothold in the US — such as with sales, customer success and delivery teams on-ground — paving the way for subsequent growth. The company is currently hiring in the US, where it plans to activate its operations by March 2022.
Shanthi specializes in writing sector-specific trends, interviews and startup profiles. She has worked as a feature writer for over a decade in several print and digital media companies. She is also a mom who looks forward to playing a game of cards with her tween daughter every evening after work.