Centricity's valuation reaches $125 mn in funding round led by Lightspeed

Quick Summary:

Centricity plans to utilise the fresh capital to expand its operations.

With this round, the firm stated that its valuation has reached $125 million.

The company intends to double its tech development team from 75 to over 150 specialists, focusing on innovations like generative AI-led modules, insure-tech, and broking-tech platforms.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Centricity valuation Companies Fund raising Valuation Centricity Funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 14:58:23 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 327 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22468433

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