Helical IT Solutions to go for 2nd round of investment

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Hyderabad-based Helical IT Solutions is planning to raise funds to the tune of $2 million and the talks are ongoing with few overseas investors, the company said in a release. The funds will be used to add more features to Helical Insight as well as have local presence in U.S. and Europe.

Started by Nikhilesh Tiwari and Nitin Sahu in November 2012, Helical has completed 4 years in the industry. Currently, the company has more than 50 people working for them and the numbers are growing every year.

“It’s a moment of great pride and happiness as Helical is entering into its 5th year. This year we launched World’s first Open Source Business Intelligence Framework – Helical Insight, which is doing extremely well and got good reviews by the industry veterans. The success of Helical Insight has motivated us and now we are in a process of bringing few more innovative products and services next year…,” Nikhilesh Tiwari, co-founder, Helical IT Solutions said.

The company counts Tata Communication, CA Technologies, University of Bridgeport, Technip, and Unified Social among its clients. With Helical Insight, the company has added 5 more to the existing list within 4 months of its launch.