Atlanta data analytics company RightData Inc. raised nearly $6 million, according to a filing with the U.S. Securities and Exchange Commission.
The funding will be used to hire 11 U.S. employees and 40 more in India for sales and marketing as well as research and development, said RightData CEO Vasu Sattenapalli.
The investment was fully funded by New York-based venture capital and private equity firm Level Equity.
The investment comes after the company launched two platforms in January to offer a more services to data practitioners: Dextrus and RDt. Dextrus is used to gather and organize data such as building a data pipeline, transformation of data or loading data onto cloud platforms. RDt is used for the testing, validation and automation of the data.
“It is heavy on data organizations to bring in highly skilled engineers and a lot of tools to solve this one problem that is data analytics,” Sattenapalli said. “Where we come in is that our platform can perform any data operation a business would need without complication.”
Prior to becoming an entrepreneur, Sattenapalli worked as a senior vice president at Bank of America for three years.
In 2016, he founded RightData following his personal aspirations of making a difference in the data industry. His vision for the company was to offer an end-to-end solution as a self-service no coding platform.
Today, the company has a customer base of over 30 enterprises, including Johnson and Johnson, Walmart, General Electric Power, and various nonprofit organizations, financial businesses and medical businesses.
Earlier this month, the Technology Association of Georgia named RightData as one of the top 40 innovative technology companies in the state. The annual list recognizes Georgia-based tech companies' contribution to innovation and economic growth.
Sattenapalli believes that the recognition will serve the company well for its credibility in the data market, future investment opportunities and hiring prospects.
The company currently has six employees in the U.S. and 43 employees in India.
