Helical IT Solutions secures INR 2.5 million angel funding

Infotech Lead India: Helical IT Solutions, a provider of data warehousing and business intelligence services, has bagged a seed funding of INR 2.5 million from Singapore based Citibank official within 6 months of starting operations.

The company did not name the Citibank official and other financial details.

The Hyderabad based company, which started in November 2012, has catered to technology needs of clients in various domains including e-commerce, insurance, energy, social media analytics, healthcare and human resource while building and managing their Business Intelligence platforms.

The IT company has an eight member team.

It is planning to use the seed funds to primarily for recruitment and partnering with  BI vendors in the open source space such as Jaspersoft and Pentaho. They will also focus and build up their capability of providing sector specific BI offering with the fund.

Specializing in Open source technologies, Helical’s  services include Business Intelligence, ETL, Data warehousing and data modeling and data visualization.

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