Course5 Intelligence, a leading analytics & AI solutions company based in Bellevue, WA, has successfully completed a round of funding, raising a total of USD 53M. The second close of funding was led by Nuvama Crossover Series of funds, managed by Nuvama Asset Management Limited, with participation from Carnelian Asset Advisors Pvt Ltd. and affiliates. This round of funding follows the initial close done with 360 ONE Asset Management Limited (formerly known as IIFL Asset Management Limited) in May 2023.
The growth round aims to consolidate Course5’s strategic plans for inorganic expansion, enabling the company to leverage synergies by incorporating new intellectual property (IP), capabilities, talent, and key client relationships. This funding will fuel innovation in specific areas of applied AI, such as deep learning, computer perception, natural language, and Generative AI, through Course5’s AI Labs.
Under the leadership of Ashwin Mittal, Chairman and CEO, Course5 Intelligence is dedicated to assisting organizations in achieving digital transformation through the power of artificial intelligence (AI), advanced analytics, and insights. The company’s AI-driven products, solutions, and IP-led innovations are backed by industry-specific domain expertise and the latest technologies, empowering organizations to tackle complex challenges related to their customers, markets, and supply chains with speed and scalability. Course5 adopts a multidisciplinary approach to data integration across structured and unstructured sources, enabling informed decision-making and driving business growth.
Course5 serves clients across various sectors, including Technology, Media, and Telecom (TMT), Pharma & Lifesciences, CPG, Retail, and more. As part of its growth strategy, Course5 has recently integrated Incivus, an AI-based Ad creation and optimization technology startup. Leveraging advanced technologies such as Computer Vision, Computer Audition, Generative AI, and Natural Language Processing (NLP), Incivus provides precise and objective evaluations of all creative variables in advertisements, predicting the likelihood of success.
Looking ahead, Course5 is actively engaged in discussions with five companies for potential acquisitions and plans to complete two acquisitions within the next 12 months. This strategic approach will further strengthen Course5’s position as a leading provider of analytics and AI solutions while enhancing its capabilities to meet the evolving needs of its clients.
