MathCo
 | |
| Company type | Private |
|---|---|
| Industry | AI and Analytics |
| Founded | 2016 |
| Headquarters | Chicago, Illinois, US,[1] and Bangalore, Karnataka, India |
Area served | Worldwide |
Key people | Sayandeb Banerjee (Cofounder & CEO) Aditya Kumbakonam (Cofounder & President - Technology and Growth) |
Number of employees | 1200[2] |
| Website | mathco |
MathCo (formally TheMathCompany) is an AI, data analytics and engineering firm with its headquarters in both Chicago and Bangalore.[3][4]
History
[edit]TheMathCompany was founded by Sayandeb Banerjee, Aditya Kumbakonam, and Anuj Krishna. The company has offices in Chicago, Austin, Bangalore, and also operates in Canada, the Netherlands, and the United Kingdom, Singapore, Hong Kong, and the Middle East.[5] Sayandeb Banerjee serves as the CEO of the company.[6]
In 2019, the company received initial backing from Arihant Patni, Managing Director of Patni Financial Advisors.[7] In 2021, it expanded its operations in Europe. In February 2022, TheMathCompany initiated an Employee Stock Ownership Plan (ESOP) buy-back program, resulting in the repurchase of ESOPs valued at Rs. 93.2 crores. Approximately 20 percent of the company's existing employees participated in the program.[8] The company secured an additional $50 million in funding from Brighton Park Capital.[9][10]
In 2022, TheMathCompany teamed up with Great Learning to develop a Data Engineering module for their data science and engineering postgraduate program.[11] The company was included in the Deloitte Technology Fast 50 India program[12] and was listed in the 2022 Inc. 5000.[13] In 2023, the company rebranded itself as MathCo[5] and announced the integration of GenAI features into its proprietary platform, Co.dx, which is now known as NucliOS. NucliOS is a proprietary analytics platform used for developing low-code and customized applications.[3]
In February 2023, MathCo partnered with Women in Data, a non-profit organization that supports women in the data and analytics field. They also signed an MOU with Amrita Vishwa Vidyapeetham for the MathCo Campus Programme.[14]
Awards
[edit]In 2019, MathCo's founders received the 'Entrepreneur of the Year' award.[15] In 2022, two of its co-founders were in Fortune India's "40 under 40" list,[16][17] and the company ranked 2nd in the Deloitte Technology Fast 50 India program.[18] It was also listed in the 2022 Inc. 5000.[13] In 2023, MathCo was named 'Startup of the Year' by Entrepreneur India,[19][20] received an award from FastCompany, and was featured in INDIAai.[3][21]
References
[edit]- ^ Iriarte, Mariana (2022-09-07). "AI Career Notes: September 2022 Edition". EnterpriseAI.
- ^ "How this company achieved 38% gender ratio with its flexible work-from-anywhere policy - ETHRWorld". ETHRWorld.com.
- ^ a b c Balaji, Sindhuja (4 December 2020). "Getting the context of your business right with data science". INDIAai.
- ^ "A day in the life of a Data Scientist: Problem solving lies at the core of sound data science". INDIAai.
- ^ a b Manchanada, Kunal (2024-01-15). "MathCo revenue spikes 85% to Rs 420 Cr in FY23". Entrackr.
- ^ "Startup Fridays S4 Ep13: Sayandeb Banerjee On Life As A 'practitioner' CEO At TheMathCompany". Forbes India.
- ^ Paul, Binu (2019-05-29). "Data analytics startup TheMathCompany raises funds from Arihant Patni". Techcircle.
- ^ Pathak, Shashank (2022-02-14). "TheMathCompany rolls out ESOP buyback program worth Rs 93.2 Cr". Entrackr.
- ^ Rekhi, Dia (2022-01-13). "TheMathCompany gets $50 million funding from Brighton Park Capital". The Economic Times. ISSN 0013-0389.
- ^ "ETtech Deals Digest: WayCool Foods, Lead School, Refyne raise funds". The Economic Times. 2022-01-14. ISSN 0013-0389.
- ^ "TheMathCompany and Great Learning to co-create Data Engineering course". www.telegraphindia.com. 21 Jun 2022.
- ^ "Bizongo emerges as the fastest-growing tech company in India". Business Standard. November 29, 2019.
- ^ a b "TheMathCompany is on Inc.'s Regionals 2023: Midwest list!". inc.com.
- ^ "Amrita University and TheMathCompany Partner to Launch "MathCo Campus Program" for Data Analytics and Engineering Education - Amrita Vishwa Vidyapeetham". www.amrita.edu. 2023-02-13.
- ^ "Entrepreneur 2019". www.entrepreneurindia.com.
- ^ "'Be hungry, take risk': Karnataka CM Basavaraj Bommai's mantra for startups". www.fortuneindia.com. 2022-07-12.
- ^ Krishnan, -Gina. "Aditya Kumbakonam, Anuj Krishna - India's Young & Brightest Entrepreneurs in 40 Under 40 2022 - Fortune India". www.fortuneindia.com.
- ^ "Bizongo emerges as the fastest-growing tech company in India". Business Standard. November 29, 2019.
- ^ "Startup - AWARD WINNERS - 2023". www.entrepreneurindia.com.
- ^ Staff, Entrepreneur (2022-04-06). "The Start-Up Gold Rush". Entrepreneur.
- ^ "How "Big Data" can Help Startups in their Growth?". 2022-07-01. Archived from the original on 2022-07-01.