Axtria, the cloud software and data analytics provider recently announced that it has received a $150 million growth investment from Bain Capital Tech Opportunities. The funding will enable the data analytics provider to consolidate its strong position in cloud software and artificial intelligence by rapidly expanding its suite of life sciences focused SaaS platforms.
Jassi Chadha, CEO of Axtria said, “In choosing Bain Capital Tech Opportunities to be our growth partner, we have found a firm that believes in our vision of leveraging technology to help the life sciences industry accelerate therapeutic commercialization and has an exceptional track record of scaling enterprise SaaS companies.”
“With this significant funding, we are doubling down on our commitment to make the industry future-ready with record investments in our SaaS products. AI and Machine Learning driven advanced analytics will be embedded across all levels allowing companies to engage their customers through omnichannel strategies,” Chadha added.
Axtria has emerged as a disruptive and innovative leader with a robust suite of AI-powered platforms – Axtria DataMAx for data management, Axtria InsightsMAx for analytics, and Axtria SalesIQ and Axtria CustomerIQ for omnichannel commercial operations. Axtria supports more than 100 life sciences companies, including 12 of the top 20 global leaders with its cutting-edge software solutions.
Commenting on the same, Darren Abrahamson, Managing Director of Bain Tech Opportunities stated, “Axtria’s mission-critical solutions impact millions of patients and foster better health outcomes, faster. Jassi, Navi and their talented team have been enormously successful in building the business into an industry leader and a trusted partner for life sciences and healthcare companies. We are thrilled to be their partner as the company embarks on its next phase of global expansion.”
“We look forward to supporting Axtria through organic growth initiatives and M&A opportunities and helping them drive new product development that delivers a unique value proposition to customers,” added Abrahamson.
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A Technical Journalist who loves writing about Machine Learning and Artificial Intelligence. A lover of music, writing and learning something out of the box.