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Squid Solutions raises 3 Million euros in series A funding
By siliconindia
Paris: Squid Solutions, the Customer Intelligence software company that introduced a new process to create customer insight from large data warehouses, has closed the series-A round financing of 3 million euros. This round was funded by Neptune Technologies and Banque de Vizille along with a pool of private investors.
This new financing will be used to recruit new talents, position the company on larger projects and on new markets and consolidate the technological lead.
Founded in 2004, the privately held Squid Solutions operates a proprietary software technology to short cut the incumbent data access and preparation processes. Squid Solutions' offering, consisting in ad hoc or recurring Customer Intelligence projects sold to business managers, fits business users in Marketing, Sales and Finance.
Squid Solutions' team operates the proprietary Nautilus technology, which requires no IT integration and no user training. The Nautilus software, developed by Squid Solutions, is used to create new indicators for reporting and data-mining in a quick, flexible and secured way, whatever the size of the client's data warehouse.
The company's target markets are currently in telecom, e-commerce, finance and retail. Squid Solutions has large corporate clients such as SFR (a mobile operator in France, which is part of Vodafone Group) and eBay in the U.S., Germany and France.