Circus Social, a social media and big data SaaS start-up based out of Singapore and Bengaluru, has raised USD 1 million in a pre-series A round. The funding round was led by Inflection Point Ventures and Angel Investors based in the US, Singapore, and India.
The angel investors’ list includes Saurabh Gupta, Samit Shetty, Royston Tay, Ganesh Mohan, and Srinivasan Venkita Padmanabhan.
The start-up has clients across multiple industries in more than 15 countries in Asia Pacific. It also plans to use the funds for growth initiatives plus increase sales, engineering, and data science teams.
“Over four billion people are active on social media globally, collectively generating a massive amount of conversations, engagement, and activity every day. Our AI-powered social listening and analytics platform uses big data architecture and AI/ML algorithms to empower companies with comprehensive data and actionable insights in real time,” said Circus Social Co-founder and CEO Ram Bhamidi.
Mitesh Shah, Co-Founder, Inflection Point Ventures, said, “Plain vanilla social marketing is passé. Circus Social’s founding teams’ understanding of AI and its use in social listening has proven its mettle, based on the numbers we have seen, thus, making it a good opportunity for IPV to invest in the company.”
Since the digital data analytics market is growing at 30% per annum, the addressable market for Circus Social has reached USD 7 million.
About Circus Social
Ram Bhamidi and Prerna Pant founded it. The company helps businesses and brands get actionable business insights from social and digital data in real-time by harnessing the power of big data, AI, and ML.