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Rocketium, SP Robotics raise capital across Series A funding rounds

Rocketium, SP Robotics raise capital across Series A funding rounds
Photo Credit: Thinkstock
30 Jul, 2021

Rocketium, a creative automation operating system provider that scales design and marketing operations for data-driven campaigns, on Friday said it has raised $3.2 million as part of a Series A funding round.  

The current round also saw participations from Emergent Ventures, 1Crowd, LetsVenture and Blume Ventures, the company said in a statement.

Prior to this round, Rocketium had raised a bridge round of funding dubbed pre-Series A at $1 million in 2018 from 1Crowd and Blume Ventures.  

Rocketium was founded in 2015 by Cornell and ISB alumnus Satej Sirur, former Amazon, Microsoft, and TaxiForSure employee, and IIT Kanpur alumnus Anurag Dwivedi, former Genpact and TaxiForSure employee. 
 
Rocketium enables rapid, high-volume creative production that enables marketers to launch impactful campaigns at speed and scale for display advertising, push, and in-app engagement, as per the statement.  

Companies from 14 countries including bigbasket, cure.fit, Meesho, and Urban Company form Rocketium’s clientele to increase design productivity by up to 90% and streamline key processes across the campaign lifecycle.  

The company will use the funds towards expansion in the United States. 

“We operate in a unique space that straddles marketing and design operations, and this new round of funding will help us drive the next stage of product development and global expansion,” Sirur said.  

SP Robotic Works raises $3 million in Series A funding round

Artificial intelligence-based edutainment startup SP Robotic Works on Friday said it raised $3 million in a Series A funding round led by Mount Judi India Growth Fund.

Other participating investors included BCCL, existing investor Indian Angel Network, angel investors such as HCL founder Ajai Chowdhry, Quatrro chairman and managing director Raman Roy and Native Angels Network and Malabar Angels.

The funds raised will be used to strengthen and amplify the company's user base and expand the product portfolio, the company statement said. 

SP Robotic Works, a direct-to-consumer company founded by Sneha Priya and Pranavan, raised their first seed investment in 2016, to create 'SPARKY'. 

It is an online intelligent platform that enables fun practical learning using hands-on experiments in personalized, seamless and interactive pedagogy with 3D Animations to engage students.

The company uses a pedagogy of Learn, Build and Collaborate to engage its students in the Robotics, Drone and Coding technologies today, and plans to foray into Math & Science with this Series A funding.

The statement added that SPRW also plans to utilise this funding for talent acquisition in order to expand its current team strength to over 150.