BOSTON, Dec. 2, 2021 /PRNewswire/ — Immensitas Private Limited has raised $2.3M in a Pre-Series A1 round co-led by growx ventures, Artha Venture Fund (AVF), and DSP Investment Managers Pvt. Ltd. The round also saw participation from LogX Ventures and Atrium Angels, the ISB alumni sponsored micro VC fund.
In July, the company had raised a round from AVF and LogX. The fresh funds will be used to strengthen the capabilities of Lemnisk, Immensitas’ product offering, and market expansion.
Lemnisk’s Customer Data Platform (CDP) led personalization and real-time marketing automation solution enables enterprises to stitch customer data across disparate data sources and activate them across multiple marketing channels and touchpoints.
Sheetal Bahl, Partner, growx ventures, said, “We were very impressed with Lemnisk’s data-first strategy to build out their product. This is in stark contrast to the existing marketing technology ecosystem which took a channel-first approach and is now trying to reorganize around data.”
Aditi Kothari, DSP Investment Managers Pvt. Ltd., said, “Rinku, Praveen & Subra have an exciting and comprehensive vision for their CDP. For enterprise marketers, Lemnisk brings the Swiss Army knife needed to execute a wide variety of data-driven marketing use cases.”
Anirudh A Damani, Managing Partner, AVF, said, “The current round marks a 10x growth in our initial investment in under 8 months, as the Lemnisk team continues to leverage new-age technologies to help marketers take charge of their data! We are glad to have doubled down on this team!”
“This new round allows us to continue building on our ambitious vision of offering a platform that not only centralizes customer data but also quickly acts on real-time intelligence. Unlike other players who seek to replace large marketing clouds, our approach is to help customers extract better outcomes from their existing investments”, said Subra Krishnan, CEO, Lemnisk.
About Immensitas Private Limited
Immensitas Private Limited’s offering Lemnisk, delivers superior customer experiences that result in increased conversions, retention, and growth for enterprises.
The key capabilities include:
- Connectors to organize silo-ed data and create a real-time customer one view
- Orchestrate individual customer journeys across the martech ecosystem on the right channels at the right time using a proprietary in-built AI engine
- Create 1:1 personalized experiences for each user across multiple marketing channels
Lemnisk has offices in Boston, Singapore, Dubai & Bangalore. For more information, visit: www.lemnisk.co
Media Contact:
Bijoy K.B,bijoy
kb@lemnisk.co
Author Information
As a detail-oriented researcher, Sherril is expert at discovering, gathering and compiling industry and market data to create clear, actionable market and competitive intelligence. With deep experience in market analysis and segmentation she is a consummate collaborator with strong communication skills adept at supporting and forming relationships with cross-functional teams in all levels of organizations.
She brings more than 20 years of experience in technology research and marketing; prior to her current role, she was a Research Analyst at Omdia, authoring market and ecosystem reports on Artificial Intelligence, Robotics, and User Interface technologies. Sherril was previously Manager of Market Research at Intrado Life and Safety, providing competitive analysis and intelligence, business development support, and analyst relations.
Sherril holds a Master of Business Administration in Marketing from University of Colorado, Boulder and a Bachelor of Arts in Psychology from Rutgers University.
