Indian-American's start-up raises USD 35mn to expand globally

A startup company owned by two Indian-American IITians in the US has raised USD 35 million in growth capital to extend its global expansion, including in India.

Riversand Technologies, a master data and product information management company, announced a 'Series A' investment, a company's first significant round of venture capital financing, in growth capital led by Crestline Investors.

"We are excited to partner with investment management firm, Crestline Investors, for expanding globally. With our Master Data Management (MDM) 2.0 vision, we are bringing together relevance, trust and insights to our customers in an era of cloud, high scale and data discovery," said Upen Varanasi, Co-founder and CEO of Riversand.

He said that this capital infusion will be used to strengthen the company's foundation in core verticals, accelerate growth in targeted geographies and enter new markets through product innovation, sales and marketing.

"We are looking for passionate software creators and disruptive thinkers in the Big data, ML and AI technology space to join our innovation hub in Riversand's Bengaluru office," Upen told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)