Axtria
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Cloud software, Data Analytics |
| Founded 📆 | 2010 |
| Founder 👔 | |
| Headquarters 🏙️ | , Berkeley Heights, New Jersey.[1] , United States |
Area served 🗺️ | |
Key people | Jaswinder Chadha (CEO & President)[2][3]
Navdeep Chadha (Chief Technology Officer)[3] Manish Mittal (Managing Principal & Country Head)[3] |
| Members | |
Number of employees | 2,500[4] |
| 🌐 Website | https://www.axtria.com/ |
| 📇 Address | |
| 📞 telephone | |
Headquartered in New Jersey, US, Axtria Inc. is a cloud software and data analytics company focusing on decision science, commercial operations, and business information management. Omnichannel customer engagement, business-critical digital transformation, market access to reach more patients, and clinical trials analytics are direct outcomes delivered to the healthcare and life sciences (HLS) industry.
Axtria’s industry operations include pharmaceuticals, clinical research organization (CRO), animal health, biotech, consumer health, clinical R&D, medical devices, MedTech, and diagnostics services organizations.
The firm was founded by serial entrepreneur Jaswinder Chadha, who previously co-founded marketRx in 2000, which was later sold to Cognizant in 2007 in a $135 million deal. Axtria has grown to more than 2,500 associates across 16 global locations[4] as of March 2022. The firm aims to double its employee count and reach 4,000 to 5,000 associates in the next two to three years.[5]
The company partners with Amazon Web Services (AWS)[6], Salesforce_#1_Commercial_Planning_&_Operations_Product_Suite_for_HLS-7|[7], Dataiku, Snowflake, ThoughtSpot, and MicroStrategy for the technology implementations.
With the cloud-based software Axtria DataMAx™, Axtria SalesIQ™, Axtria InsightsMAx™, and Axtria CustomerIQ™, the company provides the life sciences industry with efficient data management, data leveraged advanced analytics, and data science to enable decision-making for sales and marketing planning, and manage end-to-end commercial operations[8].
Axtria's customers are based across the US, UK, France, Germany, Switzerland, and Japan, with operations in over 100 countries[5].
In 2015, Forbes listed the company’s software Axtria SalesIQ™ as one of the top 10 hottest sales tools at Salesforce’s Dreamforce.[9]
History[edit]
Axtria was founded in 2010 with the vision to transform the commercial function of the life sciences industry with data analytics and cloud-based software platforms. The same year, the firm received an initial $2.5 million in funding from a group of investors - Sequoia Capital India and businessmen Richard Braddock, Sandeep Tyagi, and Amarpreet Sawhney[10].
Axtria's starting team comprised 25-30 US-based seasoned professionals, and the firm's business focus was on just one industry – Insurance, specifically property and casualty insurance. Later in 2013, it expanded into the life sciences and banking industries[10].
In 2015, the company raised another $30 million of investment led by Helion Venture Partners, existing investors Amarpreet Sawhney and Richard Braddock, entrepreneur-investors Fred Khosravi and Gururaj 'Desh' Deshpande[11]
In May 2021, the company raised a $150 million investment from Bain Capital Tech Opportunities [12] at a $1 billion valuation[13]. The firm raised the investment to consolidate its position in cloud software and artificial intelligence services by expanding its suite of life sciences-focused SaaS platforms. As of May 2021, the firm supported more than 100 life sciences companies, including 12 of the top 20 global leaders that deployed Axtria's software solutions.
Industries[edit]
- Healthcare and life sciences (HLS)
- Pharmaceuticals
- Clinical research organization (CRO)
- Animal Health
- Biotechnology
- Consumer Health
- Clinical R&D
- Medical Devices
- MedTech
- Diagnostics services organizations
- Insurance
- Banking and Financial services
References[edit]
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