Singapore data technology startup, Percipient, has closed its seed funding round, with participation from an influential group of individual investors.
Among them are three US-based IT leaders, with long careers in Fortune 100 financial services companies. Mark Torkos is a partner of PruVista Capital and has over 30 years experience in managing and leveraging technology, with over 23 years of experience in Consumer Banking Technology. From 2011 to 2016, he served as the CIO for Citigroup’s Global Consumer Group.
Percipient is a data technology company founded in December 2014 and headquartered in Singapore. The Percipient team is based in Singapore, India and the U.S.
Long Career at Citigroup
Scott Tanguay is a partner of PruVista Capital and serves as an advisor to several consumer and commercial finance companies. He has had a 24-year career at Citigroup, and most recently held the role of Head of Operations for the Global Consumer Bank (2013-2016).
Thomas Burke is Executive Chairman at StoneRiver, an insurance software company. He served as the CIO for New York Life International from 2009 to 2011. Prior to this, he headed the Operations and Technology function for Citigroup’s Global Consumer Investments.
Staying Bootstrapped
Percipient’s CEO, Navin Suri, welcomed the successful close of the 28-month old company’s first investment round of 1 million Singapore dollars. Suri and his co-founders made the decision to stay bootstrapped until the company was able to complete their first product trials at several large financial institutions.
They believe this helped Percipient win the trust and confidence of their investors. Suri is also delighted to have the three highly respected technology practitioners on board. He said: «Their support is a strong validation of our ability to solve enterprises’ deep-rooted data technology challenges. Plus they see our innovative solutions having global appeal.»
Planning an Onshore Presence in the U.S.
According zo corporate information Percipient helps enterprises integrate their data easier, faster, cheaper and safer than traditional solutions. The company’s flagship in-memory data discovery platform, UniConnect, is designed to facilitate the use of data sourced from multiple and heterogeneous data sources, including APIs, blockchain, and IoTs, all without the need to create multiple copies of the same data.
The funds raised in this round will enable Percipient to deepen its R&D efforts, add key hires, expand its operations in the Asia-Pacific region, and build an onshore presence in the U.S.
