Ratan Tata, Chairman Emeritus of Tata Sons, has made an undisclosed investment in big data start-up firm Crayon Data. The investment was made in his personal capacity.
“We are excited and honoured. To meet Ratan Tata and have our vision validated by him is an accolade in itself,” said Srikant Sastri, founder of Crayon Data.
Crayon was founded in 2012 by Srikant Sastri and Suresh Shankar.
Crayon, a portfolio company of Jungle Ventures, has been accredited as one of the most successful and innovative big data start-ups in 2014 and 2015 by global platforms such as TiEcon, CEBIT, IBM Watson, Intech50, and OrangeFab.
Crayon has previously raised about S$10 million in seed and Series A funding from angel institutional investors such as Jungle Ventures and Spring Seeds.
Tata had recently joined Jungle Ventures as a special advisor.