Virtualitics Closes $7 Million Series B to Unlock Big Data Insights For Global Companies 

Mar 01, 2018

Virtualitics, a provider of next-generation big data visualization and analytics, announced the close of a $7 million Series B round of equity funding led by Centricus, a global investment platform, and participated in by existing investor the Venture Reality Fund (The VR Fund) and other private investors. The investment brings Virtualitics' total funding to in excess of $11 million in support of its mission to make big data more useful and effective for all enterprises. Virtualitics technology has been implemented by several major global Fortune 500 businesses across multiple industry sectors, including consumer goods, healthcare, energy, and finance.

Centricus' participation in Virtualitics' Series B round complements its endeavors in the technology space. Centricus founders Dalinc Ariburnu and Nizar Al-Bassam led the structuring and fundraising for SoftBank's US$93 billion global technology investment fund, the Vision Fund, the largest single fund capital raise in the asset management industry to date. They remain on the Board as advisors.