QoreNext secures Angel funding round with 3 prominent investors

KUALA LUMPUR, Oct 28 -- QoreNext has closed an Angel funding round with three prominent investors, namely Kristin Luck, Adil Wali and Tom Lynch.

Kristin Luck is a serial marketing technology entrepreneur whose latest venture is growth strategy consultancy, ScaleHouse. She has previously consulted with Annik. Luck is a licensed investment banker with Oberon Securities and an accredited investor.

Meanwhile, Adil Wali was a founder, investor and adviser in a variety of eCommerce, FinTech and SaaS companies. He is the creator of Merit, a cryptocurrency which aims to be the world’s friendliest digital currency.

Tom Lynch was the Chief Financial Officer at The NPD Group and is now responsible for M&A and partnerships. His management experience includes over 25 years in finance, operations and transactions across the United States, Europe and Asia.

The new company, started by Annik founder, Rahul Sahgal has launched a cloud-based Data-as-a-Service platform, Qore, for the AI and BI space. Annik was sold, as part of a PE rollup under LiquidHub, to CapGemini in 2018.

Through its Qore platform, QoreNext aims to help solve the data problems facing the AI and BI space, starting with foundational data. Qore curates, manages and sells, on a subscription basis, high-quality foundational data from various sources across multiple industries.

-- BERNAMA