Crayon Data announced that Jungle Ventures, a Singapore-based venture capital firm,has led a SGD 1.5 million investment in the firm, alongside support from SPRING SEEDS Capital. This latest investment brings the total amount of investment raised to SGD 5.5 million. This funding follows on the heels of investment by several well-known angels and business leaders like Meng Wong (co-founder of the Joyful Frog Digital Incubator), William Bissell (Managing Director of FabIndia), Ernest Pomerantz (Chairman of Stonewater Capital), Cheah Kim Lean and Chong Wah (founders of Acorn Market Research)and Ravi Thakran (Managing Partner of LVMH Southeast Asia).
Crayon Data was started by enterprise analytics veteran, Suresh Shankar (founder of RedPill Solutions, acquired by IBM in 2009), and digital marketing guru Srikant Sastri (founder of Solutions Digitasand Team4U, acquired by Publicis and Randstad respectively), to help traditional enterprises tap into the power of Amazon-like analytics.
Crayon Data was started by enterprise analytics veteran, Suresh Shankar (founder of RedPill Solutions, acquired by IBM in 2009), and digital marketing guru Srikant Sastri (founder of Solutions Digitasand Team4U, acquired by Publicis and Randstad respectively), to help traditional enterprises tap into the power of Amazon-like analytics.