SetuServ disclosed selling $160,000 worth of equity securities as part of financing round. The equity securities, which started to sell almost two weeks ago, were bought by five investors. No offering was previously initiated by the company under a registration exemption with the SEC.
The company provides business solutions to help companies derive insight from unstructured data by deploying machine learning technologies, data enhancements and collection. Perhaps this is the start of business insight outsourcing (BIO).
The company, headquartered in Chicago IL, was registered in 2012. SetuServ elected to keep its revenues undisclosed.
The executive team includes Roshan Alvares and Sanga Reddy Peerreddy.
Industry: Other Technology
Amount placed: $160,000
First sale: 03-10-2014
Data as of: 03-20-2014