Funds and Chair Appointment for Polestar Analytics

Data analytics & planning firm Polestar has raised $12.5 million in growth capital, with which to double down on its AI development, and advance its proprietary 1Platform, an enterprise data convergence solution. At the same time, the company has appointed Michel Combes as Chairman.

Polestar aims to simplify complex decision-making through intelligent, scalable solutions, including AI, analytics & planning. Its flagship 1Platform allows client firms to bring together diverse data sources and simplify data to drive business outcomes.

Funds came from a consortium of US-based Family Office and institutional investors.

Combes brings more than 30 years' experience of leadership ion international technology and telecoms, including serving as CEO of SoftBank, Sprint US, Alcatel-Lucent and Vodafone Europe. He is currently Executive Chairman & Acting CEO at Brightspeed, and a Partner at Forgelight, an operating and investment company focused on the media and consumer technology sector. He also serves on the boards of companies including Phillip Morris International, E& (Etisalat), and F5 Inc.

CEO Chetan Alsisaria comments: 'This investment marks a pivotal moment in our mission to redefine how enterprises harness data and AI. The funding allows us to accelerate innovation and continue delivering measurable business outcomes that set new industry benchmarks.'

Web site: www.polestarllp.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.