Australian-founded startup Nugit raises .8 million from Sequoia India to accelerate global growth

An Australian-founder artificial intelligence and data startup has raised $6.8 million ($US5.2 million) from one of the world’s biggest VC firms to further develop its technology and accelerate global growth. Nugit provides an automated data extraction platform for marketers to make data-driven decisions, combining artificial intelligence, natural language generation and visual design to improve efficiency. The end result is to turn “fragmented marketing data into decision-making tools”. Founded in 2013 by Australian entrepreneur David Sanderson, the Singapore-based startup now manages nearly 150,000 ad accounts for over 500 brands in 34 countries, with clients including Facebook and Johnson & Johnson. The cash injection in Nugit comes from Sequoia India and will be used to further develop the tech platform and expand operations in existing markets, Sanderson says. “Sequoia India’s investment will…


Link to Full Article: Australian-founded startup Nugit raises .8 million from Sequoia India to accelerate global growth