Nugit Raises US.2M in Funding

Nugit, a Singapore-based artificial intelligence and data analytics startup, raised US$5.2M in funding. Sequoia India made the investment. The company intends to use the funds to accelerate its R&D efforts. Led by David Sanderson, Founder and CEO, Nugit combines artificial intelligence, natural language generation, and visual design to provide an intelligent platform that turns fragmented marketing data into decision-ready reports that integrate into marketers’ workflows.Founded in 2013, the company currently hires a team of 27 data scientists, engineers, designers and strategists.Clients include Facebook Inc, Johnson & Johnson, Digi, GroupM, Starcom and Publicis. FinSMEs 08/10/2016

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