Press release

Data Science Firm TheMathCompany To Expand Its Global Presence With Funding From Arihant Patni

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TheMathCompany, a data science firm, based in Bengaluru and Chicago, is
excited to announce funding from Arihant Patni, from the Patni Computers
Family Office. Since its inception in September 2016, TheMathCompany
works with over 30 Fortune 500 clients and is one of the fastest growing
Artificial Intelligence & Machine Learning start-ups in the world. The
funding will be utilized to expand TheMathCompany’s footprint globally,
build next generation platforms and enhance customer experience.

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(L-R) Anuj Krishna, Co-founder and Head of Assets at TheMathCompany, Arihant Patni, Entrepreneur, Ve ...

(L-R) Anuj Krishna, Co-founder and Head of Assets at TheMathCompany, Arihant Patni, Entrepreneur, Venture Capitalist, Aditya Kumbakonam, Co-founder and Head of Client Services and Delivery at TheMathCompany, Sayandeb Banerjee, Co-founder and CEO of TheMathCompany (Photo: Business Wire)

Founded by industry leaders, Sayandeb Banerjee, Aditya Kumbakonam and
Anuj Krishna, TheMathCompany employs over 250 data scientists, data
engineers, and visualization experts. The company has clients from
industries like CPG, Retail, Insurance and Banking, across the US, UK,
Singapore, Hong Kong, Europe and the Middle East. This will be the
Series A round of funding for TheMathCompany, in tune with their
estimated revenue of US$10 Million.

Sayandeb Banerjee, Co-founder and CEO of TheMathCompany said, “In
Arihant, we have found not just a financial investor, but also a
strategic partner who brings along with him the experience of setting up
and scaling global enterprises. Together, we are excited to embark on
this journey in building a world-renowned next-gen data and analytics
organization. We are changing the way organizations go about
enterprise-wide transformations, by defining and executing comprehensive
and robust analytics strategies. We are glad to have a partner with the
experience and the ambition to work with us towards this vision.”

Arihant Patni, Entreprenuer, Venture Capitalist added,
“Artificial Intelligence & Machine Learning solutions are redefining
business processes and generating immense business value. TheMathCompany
has seen tremendous growth in a short span and the founders have a
unique vision towards enhancing enterprise intelligence, combined with
deep expertise in this space. Having been part of the evolution of Patni
computer services, transforming the software delivery space, I see
similar potential in TheMathCompany to grow and expand their reach to
customers around the world. This is not just a financial investment but
a relationship with a team that shares my passion for data science and a
commitment to backing the team in the future. I believe their strategy
and commitment to customer satisfaction would help the company scale and
it gives me great pleasure to be part of the growth.”

About Arihant Patni

Arihant is an entrepreneur and an active venture capitalist and directly
engaged in three-sector focused VC funds. He is the Managing Director of
Ideaspring Capital, a new early-stage fund in collaboration with
established IT entrepreneurs, that focuses on enterprise technology. He
is also the Managing Director and Co-founder of The Hive, a Silicon
Valley ‘Big Data’ incubator with offices in Palo Alto, Mumbai and
Bangalore. He is the Director and Co-founder of Nirvana Ventures, a fund
focused on the Internet space. Lastly, he actively invests in his
personal capacity via his family office, and works closely with
portfolio companies.

About TheMathCompany

TheMathCompany is an Artificial Intelligence & Machine Learning firm
that helps organizations transform intelligence, create demonstrated
value and makes them analytically self-sufficient. TheMathCompany has
been recognized as one of the fastest growing start-ups in the world.
With a holistic range of services across data engineering, data science
and solution deployment, the company is consistently disrupting the
analytics services and product space.