Business & EconomyBusiness News raises $3 million funding from Elevation Capital, and more is a platform that offers professional services automation (PSA) and remote monitoring and management (RMM) stated that it has raised 3 million dollars that is about 20 crores in the latest funding round.

It was led by Elevation Capital and Matrix Partners India. 

Talking about its first funding round or seed round, it also saw participation from angel investors which involved Kayako founder Varun Shoor, Kovai. co-founder Saravana Kumar, Posist co-founder Ashish Tulsian, and Livspace founder Ramakant Sharma stated in the latest statement.

The company said that the raised proceedings or funds will be used to strengthen its research and development in terms of product innovation, its usability, hiring more talent, or expanding the workforce to derive market adoption and grow in the long run. 

The interesting part of this venture is that it was founded last year and saw tremendous growth in terms of its operations and financial assistance. It has also announced the formal launch of its beta platform on Wednesday. Chief Executive Officer and co-founder Arvind Parthiban said- “Presently, MSP (managed service provider) tools are siloed and becoming synonymous with decaying legacy software that hinders their growth…’s platform is tailored to cater to various segments of the MSP market and intends to build a truly unified PSA, RMM solution powered by intelligent automation (IA)”. 
Meanwhile the vice president of one of the investors that are Elevation Capital said that the MSP software market is at an exciting inflection point. He added- “Challenges brought on by shift to the cloud, coupled with strong tailwinds of remote work and distributed teams, have pushed MSPs to adapt faster and become more productive and agile. will give small and mid-sized MSPs an easy-to-use, modern tool, which will not only allow them to be more efficient but also serve their clients better as they embrace the cloud era.

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