Polestar Analytics Raises $12.5M to Advance AI Capabilities & 1Platform for Converged Data Ecosystem
Noida (Uttar Pradesh) [India] / Dallas (Texas) [US], August 19: Polestar Analytics, a leading player in AI-driven data analytics & planning, announced today that it has raised $12.5 million in growth capital from a consortium of US-based Family Office and institutional investor. This significant fundraise will be used to further deepen Polestar Analytics' AI capabilities and reinforce the development of its proprietary 1Platform, regarded as one of the industry's best data convergence solutions for enterprise-scale analytics.
"This investment marks a pivotal moment in our mission to redefine how enterprises harness data and AI," said Chetan Alsisaria, CEO of Polestar Analytics. "The funding allows us to accelerate innovation and continue delivering measurable business outcomes that set new industry benchmarks."
With this investment, Polestar Analytics will expand R & D efforts in artificial intelligence and accelerate enhancements for its 1Platform.
In parallel, Polestar Analytics is delighted to announce that Michel Combes has joined as a Chair of the Board. Michel Combes is an internationally respected technology and telecommunications executive with more than 30 years of leadership experience. He currently serves as Executive Chairman & Acting CEO at Brightspeed and as member of Executive Advisory Council at Apollo. Michel is a Partner at ForgeLight, an operating and investment company focused on Media and consumer technology sector.
He serves on the boards of multinational firms including Phillip Morris International, E & (Etisalat), F5 Inc.
Previously, Michel Combes served as Executive Vice President at Claure Group, a global investment firm. He was the CEO and President of SoftBank Group International, CEO of Sprint in the US, CEO of Altice N.V., CEO of Alcatel-Lucent, and CEO of Vodafone Europe. He also held leadership roles at France Telecom and TDF Group.
He will bring significant industry experience, client relationships and meaningful leadership experience to scale Polestar Analytics into global powerhouse.
Michel Combes said, "I am delighted to join Polestar Analytics as Chair of the Board at this pivotal moment in the company's growth. Polestar Analytics has established itself as a leader in data analytics and AI, with its proprietary 1Platform setting new benchmarks for data convergence and intelligent insights. I have great confidence in the leadership team and their strategic vision. With the recent investment, Polestar Analytics is well positioned to accelerate innovation, expand its AI offerings, and deliver even greater value to customers worldwide. I look forward to working closely with the entire Polestar Analytics team as we realize this tremendous potential together."
"We're equally honored to welcome Michel Combes as Chair of the Board; his track record of scaling global technology leaders will be invaluable as Polestar Analytics enters its next phase of accelerated growth," added Chetan.
About Polestar Analytics
Founded with a mission to simplify complex decision-making through intelligent, scalable solutions, Polestar Analytics develops cutting-edge AI, analytics & planning solutions for enterprises. The company's flagship 1Platform enables organizations to converge diverse data sources and simplify data to outcome journey for businesses. To learn more, follow Polestar Analytics on LinkedIn and visit the website.
Photo: https://mma.prnewswire.com/media/2752307/AI_enabled_Data_Analytics_Polestar_Analytics.jpg
Logo: https://mma.prnewswire.com/media/2492589/Polestar_Logo.jpg
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
27 minutes ago
- Mint
Infosys' confidence in better future in contrast to TCS's mood in the IT camp
Infosys Ltd has become the first major Indian IT services company to express confidence in a turnaround, even as peers like Tata Consultancy Services Ltd (TCS) and Wipro Ltd adopt a cautious stance amid macroeconomic uncertainty and Gen AI disruptions. In a conversation with Kotak Institutional Equities analysts, Infosys chief executive Salil Parekh said tech spending is likely to improve. This comes after US President Donald Trump's tariff flip-flops have put client spending in limbo. 'Tech spending is likely to improve with lower macro uncertainty in developed markets,' said Kotak Institutional Equities analysts Kawaljeet Saluja, Sathishkumar S., and Vamshi Krishna, in a note dated 19 August. Infosys gets more than three-fourths of its business from developed markets, including the US and Europe. Most of Infosys's growth is driven by its financial services vertical, which makes up a little more than a fourth of its revenue. The brokerage also noted that the country's second-largest IT outsourcer is confident of meeting its FY26 guidance. 'The company is reasonably confident of meeting its FY2026E outlook,' Kotak analysts added, citing resumed transformation programs and easing trade uncertainties. The Bengaluru-based IT services company also raised the lower end of its FY26 guidance to 1-3% in constant currency terms in July, higher than the flat 3% growth it had projected in April, which was its slowest revenue guidance in at least a decade. Constant currency does not take currency fluctuation into account. Much of the increase in guidance was because of its acquisitions of US-based MRE Consulting and Australian cybersecurity services firm, The Missing Link, for about $98 million, both of which were announced earlier this year. However, Bengaluru-based Parekh was not all that sanguine on the macroeconomic environment back then. 'With the current outlook, we have seen a lot of the discussion on the economy worldwide having come to more stable situations but still seems that it's not fully settled," said Salil Parekh, chief executive of Infosys, during the company's post-earnings press conference on 23 July. A second reason for Infosys's newfound confidence is its reliance on its margin improvement plan. 'Competitive intensity for large deals remains elevated, but early focus and Project Maximus have helped maintain stability,' Kotak said. Project Maximus is Infosys' margins expansion programme launched in July-September 2023. It focuses on better large deal execution and reduced costs as one way to retain margins. Parekh's commentary is similar to that of New Jersey-based peer C. Vijayakumar, who is the CEO of HCL Technologies Ltd. 'We observed that the environment remains stable from an overall perspective, with some variations across specific verticals. It also did not deteriorate as feared at the start of the quarter,' said Vijayakumar, as part of his prepared remarks during the company's post-earnings press conference on 14 July. Infosys and HCLTech ended the April-June 2025 period with $4.94 billion and $3.55 billion, respectively, up 4.5% and 1.3% sequentially. Like Infosys, the third-largest HCLTech also narrowed its revenue guidance last month. The company now expects revenue growth between 3% and 5% in constant currency terms, higher than its 2% guidance on the lower end it had called out in April. Still, this is coming at the cost of margins. Last month, HCLTech lowered its full-year operating margin target to 17-18% from its earlier stated 18-19%. Although the management of the country's third-largest IT services firm attributed it to restructuring costs, analysts said this was to attract more business. Both companies reported a decline in profitability last quarter. Infosys and HCLTech reported operating margins of 20.8% and 16.3%, down 20 basis points and 160 basis points, respectively. Infosys' upbeat tone contrasts with TCS, which recently announced a 2% workforce reduction, about 12,200 employees, citing strategic initiatives. TCS posted a 0.59% sequential revenue decline last quarter, the worst among India's top five IT firms. Much of TCS's recent growth was driven by a $1.83 billion BSNL contract, which is nearing completion. Analysts warn that without a replacement, FY26 could see revenue decline. 'The magnitude of BSNL ramp-down (if it goes un-replaced) would mean that FY26 could be a year of declining revenue,' Motilal Oswal analysts said on 11 April. Despite this, TCS remains the most profitable among peers, with operating margins at 24.5%. While revenue growth has not been an issue for Infosys, similar concerns have been raised in the past on its ability to win deals valued at over $1 billion. Fourth-largest Wipro Ltd and fifth-largest Tech Mahindra Ltd have also adopted a cautious outlook amid macroeconomic uncertainties. They ended last quarter with revenues of $2.59 billion and $1.56 billion, down 0.35% and up 0.97%, respectively. However, a second brokerage said the mood across the largest IT outsourcers is expected to improve going forward. 'Demand, albeit soft, did not deteriorate. Increase in lower end of revenue guidance by INFO and HCLT indicates players don't expect deterioration going ahead too. Strong order backlog and a healthy deal pipeline likely limit downside,' said JM Financial analysts Abhishek Kumar, Nandan Arekal, and Anushree Rustagi, in a note dated 19 August. The brokerage added that the US Federal Reserve's interest rate cuts could benefit the country's $283 billion IT industry. 'Moderating inflation expectations, easing labour market situations (including IT Ops /Helpdesk/Software development jobs) and possibly the expectations that companies will absorb tariff-linked cost escalation have improved odds of Fed-rate cuts in September. This could possibly be a catalyst for mean reversal in IT Services' valuation,' said the JM Financial analysts. Rate cuts enable companies to borrow money from banks and financial institutions, with which they can fund their tech projects. For now, investors have not been all that enthusiastic about the country's top three IT outsourcers. Since the start of the year, TCS, Infosys, and HCLTech's shares have dropped 24.4%, 20.46%, and 22%, respectively.
Economic Times
27 minutes ago
- Economic Times
ET WLF: John Kerry, Shashi Tharoor, and Matteo Renzi to dissect fiery geopolitics
Synopsis John Kerry, Shashi Tharoor, and Matteo Renzi will discuss world affairs at The Economic Times World Leaders Forum in New Delhi. Their experience will provide insights into current geopolitical issues. Kerry will share his perspective on the US-India relationship. Tharoor, a diplomat and MP, brings global experience. Renzi, former Italian PM, handled various international challenges. Agencies Former US Secretary of State and presidential candidate John Kerry; celebrated diplomat, author and chairman of the parliamentary standing committee on external affairs Shashi Tharoor; and former Italian Prime Minister Matteo Renzi will be among the star draws, dissecting world affairs at The Economic Times World Leaders Forum this week in New geopolitical flux affecting every walk of life, insights culled from the heft of experience that Kerry, Tharoor and Renzi bring to the table will illuminate the invited audience at ET's flagship who served as the US special presidential envoy for climate with authority over energy and climate policy in the Biden administration till last year, has also previously chaired the US Senate foreign relations committee. He will share his thoughts on the fast-evolving recent relationship between the world's oldest and largest democracies. He was the Democratic Party's nominee for US president in 2004. Shashi Tharoor, a celebrated author and career UN diplomat who entered Indian politics after serving as undersecretary general at the global body, is a four-time Lok Sabha MP. He has been a practitioner and commentator in global diplomacy for decades. He recently led one of the all-party delegations that the government assembled to drum up support globally after Operation Sindoor. The delegation wrapped up its tour in the US, with a meeting with US Vice President JD Vance in June, after visiting Panama, Guyana, Colombia and Brazil. As Prime Minister of Italy between 2014 and 2016, Renzi handled a number of geopolitical challenges, including the European debt crisis, the civil war in Libya, Russia's military intervention in Crimea and the insurgency by Islamic State in West Asia. He has worked closely with global leaders such as Barack Obama of the US, Shinzo Abe of Japan, Abdel Fattah el-Sisi of Egypt and François Hollande of France.
Time of India
39 minutes ago
- Time of India
India, Russia-led trade bloc to commence talks for FTA
NEW DELHI: India and the Eurasian Economic Union (EAEU) signed the terms of reference to launch negotiations for a free trade agreement (FTA) in Moscow on Wednesday, a move that comes amid the US-India trade tensions. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyz Republic, and Russian Federation. India signed an FTA with the UK and is in talks to stitch together a deal with the European Union. It is also working on a clutch of other FTAs with key trading partners, amid the tariff standoff with the US, and is also aiming to diversify into new markets. US President Donald Trump threatened to impose a 50% tariff on goods imports from India, including a proposed 25% for purchasing crude oil from Russia. The terms of reference was signed by additional secretary in the commerce ministry Ajay Bhadoo, and deputy director, trade policy department, Eurasian Economic Commission (EEC), Mikhail Cherekaev, an official statement said. During his visit, Bhadoo also called on minister in charge of Trade, EEC, Andrei Slepnev. Both sides noted the growing trade turnover between India and the EAEU, which stood at $69 billion in 2024, registering a 7% increase over 2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She's 75 and Retiring - Her Handcrafted Jewelry Is 80% OFF The Heritage Journal Read More Undo With a combined GDP of $6.5 trillion, the proposed FTA is expected to expand market access for Indian exporters, support diversification into new sectors and geographies, enhance competitiveness against non-market economies and deliver benefits to MSMEs, the statement added. The terms of reference provide the framework for negotiations and is expected to unlock untapped trade potential, increase investments, and establish a stronger, durable India-EAEU economic partnership. "Both sides reaffirmed their commitment to the early conclusion of the agreement," the statement added. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
