Iqlect is in the process of shifting its headquarters to San Jose, US, and is also looking to add go-to-market and tech talent in the US too.
“We are looking to hire VP’s for engineering, product management, marketing and sales and also a country manager for India. Also, we are flipping the company to make it a US company. So, we are hiring go-to-market folks and a few key tech guys for our US office,” said Sachin Sinha, CEO, Iqlect. The company had earlier raised a $2 million round from Exfinity Ventures.
Iqlect offers real-time predictive analytics platform and various solutions in domains like infrastructure, ecommerce, security, among others, on cloud, as a Software-as-a-Service and on-premise deployment models.
The company is also launching its proprietary NoSQL Database, BangDB, on a larger scale by September. A database-management system is simply a software application that talks and connects end users, applications and the database to capture and analyse data.
“A deep-tech company that seeks to make real-time data analytics more easily accessible, Iqlect offers an affordable full stack analytics solution. The platform, operating on a flexible plug-and-play model, is a departure from existing solutions by competitors,” said Shailesh Ghorpade, managing partner, Exfinity Ventures.
Iqlect, which is looking to hit an annual recurring revenue of $1 million by the year end, is also in the process of raising a Series A round soon, with existing investors as well as a few foreign investors from the Bay Area.