Singapore AI data analytics startup Nugit raises 5.2M from Sequoia India

Singaporean Artificial intelligence data analytics startup Nugit Pte. Ltd. has raised 5.2 million in funding from Sequoia India. Founded in 2013, Nugit uses artificial intelligence, natural language generation, and visual design to help marketers generate more usable reports based on the big data generated by advertising activity. The company's platform provides analytics for digital marketers and C-suite professionals, turning data into decision-ready reports which flow straight back into the enterprise workflow. Artificial intelligence technology powers data cleaning, integration and harmonization of data sources in real time on Nugit's platform, while their Natural Language Generation technology adds on insights written in easy to understand language and "decision-ready" reports are then delivered via email or powerpoint. The reports themselves are said to be built around'smart stories' and beautiful visualizations that deliver better quality reporting in a shorter time frame.