Intel, Ascent Invest Rs 94 crore in indian big data startup Vizury

BANGALORE: Intel Capital, the venture capital arm of world’s largest chip maker, has led a $16 million (Rs 94 crore) funding round in bigdata analytics startup Vizury.

Private equity firm Ascent Capital and existing investors Nokia Growth Partners and Inventus Capital Partners also participated in this third round of funding.

Vizury will use the funds for research and development and to scale up operations in markets such as China, Japan, Latin America, Middle East and Korea. “We are also evaluating our options for entering the US market,” said Chetan Kulkarni, cofounder and chief executive of Vizury. The six-year-old firm has now raised a total funding of $27 million (Rs 160 crore).