Iauro Systems, digital transformation solutions provider has raised series A funding from Saraswat Infotech, an IT solutions provider company. The amount raised in this round remains undisclosed. Fresh funds will be used to enhance product development, along with expanding the customer base by boosting the sales and marketing teams.
This partnership will help Iauro Systems to leverage the experience and expertise of Sarawat Infotech to strengthen its outreach as it looks to expand.
DM Chandgadkar, MD, Saraswat Infotech will be joining the board of Iauro Systems, along with Shashikant Keshav Sakhalkar, Vice-Chairman, Saraswat Bank, who will come on board as one of the advisors with this partnership.
Pune-based Iauro Systems was founded by Anupam Kulkarni, Nilesh Ratnaparkhi in 2009. It provides mobile, cloud, big data, and IoT solutions to its clients, helping them solve real-world problems.
Commenting on the investment, Sakhalkar said, “Automation of processes and enhanced customer experience is the need of the moment. Iauro, on board as our digital transformations partner, will enable us to stay ahead with next-gen security-based methods. We’re excited with this strategic partnership and look forward for Iauro’s expertise as we strive to build digital trust with our customers.”
Saraswat Infotech provides end-to-end business and technology solutions to its clients. It was founded in 2005 with its headquarter in Mumbai. It mainly caters to the Banking and Financial Services Industry (BFIS).
The company can utilize the technical expertise of Iauro Sytems to provide more enriching experience to its clients.