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Technopark company Flytxt, a fast growing Big Data Analytics solution provider, has announced that it has closed an $11 million funding to finance its next phase of growth.
The investment was led by Sunrise Capital GmbH and Big Data Investments B.V. with participation from Flytxt’s existing investors.
Launched in 2008, Flytxt has previously received funding from a group of angels and family offices in Germany and The Netherlands.
The new investment will support Flytxt’s plans to consolidate its presence in the Communication Service Provider (CSP) market and to offer mobile consumer analytics solutions to other industry verticals. The company plans to double its team through the next phase of growth, a press release said.
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