Blueshift Labs bags Series C funding

San Francisco: San Francisco-based Blueshift Labs Inc, which offers an AI-powered customer data platform, on Thursday said it has raised $30 million (Rs 217 crore) as part of its Series C funding round.

The funding was led by US-based Fort Ross Ventures and Avatar Growth Capital, said Blueshift in a statement.

Blueshift was founded in 2014 by Vijay Chittoor, Manyam Mallela, and Mehul Shah, all former employees of Kosmix, a US-based social media data analytics firm that was acquired by Walmart.

Homegrown Nexus Venture Partners has made a significant portion of its investments in startups based in the US having some Indian presence.

Its US bets have worked as a hedge against lack of exits from India portfolio.