Mongkeydyoyo88: Starting info

2025-12-30T10:39:36Z

Starting info

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{{Short description|Data-engineering firm}}
{{orphan|date=February 2024}}
{{Use dmy dates|date=May 2025}}
{{Use Indian English|date=May 2025}}
{{Infobox company
| name = MathCo
| logo = MathCo Logo.png
| type = [[Privately held company|Private]]
| industry = AI and Analytics
| founded = 2016
| hq_location = Chicago, Illinois, US,<ref>{{Cite web |last=Iriarte |first=Mariana |date=2022-09-07 |title=AI Career Notes: September 2022 Edition |url=https://www.enterpriseai.news/2022/09/07/ai-career-notes-september-2022-edition/ |access-date= |website=EnterpriseAI |language=en-US}}</ref> and Bangalore, Karnataka, India
| area_served = Worldwide
| key_people = Sayandeb Banerjee<br>(Cofounder & CEO)
Aditya Kumbakonam<br>(Cofounder & COO)
Anuj Krishna<br>(Cofounder & President - Technology and Growth)
| num_employees = 1200<ref>{{Cite web |last= |title=How this company achieved 38% gender ratio with its flexible work-from-anywhere policy - ETHRWorld |url=https://hr.economictimes.indiatimes.com/news/workplace-4-0/how-this-company-achieved-38-gender-ratio-with-its-flexible-work-from-anywhere-policy/98288685 |access-date= | website=ETHRWorld.com |language=en}}</ref>
| website = {{URL|https://mathco.com/}}
}}

'''MathCo''' (formally '''TheMathCompany''') is an [[Artificial intelligence|AI]], data analytics and engineering firm with its headquarters in both [[Chicago]] and [[Bangalore]].<ref name=":1">{{Cite web |last=Balaji |first=Sindhuja |date=4 December 2020 |title=Getting the context of your business right with data science |url=https://indiaai.gov.in/article/getting-the-context-of-your-business-right-with-data-science |access-date= |website=[[INDIAai]] |language=en}}</ref><ref>{{Cite web |title=A day in the life of a Data Scientist: Problem solving lies at the core of sound data science |url=https://indiaai.gov.in/article/a-day-in-the-life-of-a-data-scientist-problem-solving-lies-at-the-core-of-sound-data-science |access-date= |website=INDIAai |language=en}}</ref>

== History ==
The MathCompany was founded by Sayandeb Banerjee, Aditya Kumbakonam, and Anuj Krishna. The company has offices in [[Chicago]], [[Austin, Texas|Austin]], [[Bangalore]], and also operates in Canada, the Netherlands, and the United Kingdom, Singapore, Hong Kong, and the [[Middle East]].<ref name=":2">{{Cite web |last=Manchanada |first=Kunal |date=2024-01-15 |title=MathCo revenue spikes 85% to Rs 420 Cr in FY23 |url=https://entrackr.com/2024/01/mathco-revenue-spikes-85-to-rs-420-cr-in-fy23/ |access-date= |website=Entrackr |language=en-US}}</ref> Sayandeb Banerjee serves as the [[Chief executive officer|CEO]] of the company.<ref>{{Cite web |title=Startup Fridays S4 Ep13: Sayandeb Banerjee On Life As A 'practitioner' CEO At TheMathCompany |url=https://www.forbesindia.com/audio/the-startup-fridays-podcast/startup-fridays-s4-ep13-sayandeb-banerjee-on-lifes-as-a-practitioner-ceo-at-themathcompany/84813 |access-date= |website=Forbes India |language=en}}</ref>

In 2019, the company received initial backing from Arihant Patni, managing director of Patni Financial Advisors.<ref name=":0">{{Cite web |last=Paul |first=Binu |date=2019-05-29 |title=Data analytics startup TheMathCompany raises funds from Arihant Patni |url=https://www.techcircle.in/2019/05/29/data-analytics-startup-themathcompany-raises-funds-from-arihant-patni |access-date= |website=Techcircle |language=en}}</ref> In 2021, it expanded its operations in Europe. In February 2022, TheMathCompany initiated an [[Employee Stock Ownership Plan]] (ESOP) buy-back program, resulting in the repurchase of ESOPs valued at Rs. 93.2 crores. Approximately 20 percent of the company's existing employees participated in the program.<ref>{{Cite web |last=Pathak |first=Shashank |date=2022-02-14 |title=TheMathCompany rolls out ESOP buyback program worth Rs 93.2 Cr |url=https://entrackr.com/2022/02/themathcompany-rolls-out-esop-buyback-program-worth-rs-93-2-cr/ |access-date= |website=Entrackr |language=en-US}}</ref> The company secured an additional $50 million in funding from Brighton Park Capital.<ref>{{Cite news |last=Rekhi |first=Dia |date=2022-01-13 |title=TheMathCompany gets $50 million funding from Brighton Park Capital |url=https://economictimes.indiatimes.com/tech/funding/themathcompany-gets-50-million-funding-from-brighton-park-capital/articleshow/88880156.cms?from=mdr |access-date= |work=The Economic Times |issn=0013-0389}}</ref><ref>{{Cite news |date=2022-01-14 |title=ETtech Deals Digest: WayCool Foods, Lead School, Refyne raise funds |url=https://economictimes.indiatimes.com/tech/funding/ettech-deals-digest-waycool-foods-lead-school-refyne-raise-funds/articleshow/88896641.cms?from=mdr |access-date= |work=The Economic Times |issn=0013-0389}}</ref>

In 2022, TheMathCompany teamed up with Great Learning to develop a Data Engineering module for their data science and engineering postgraduate program.<ref>{{Cite web |date=21 Jun 2022 |title=TheMathCompany and Great Learning to co-create Data Engineering course |url=https://www.telegraphindia.com/edugraph/news/themathcompany-and-great-learning-to-co-create-data-engineering-course/cid/1871054 |access-date= |website=www.telegraphindia.com}}</ref> The company was included in the Deloitte Technology Fast 50 India program<ref name="Business Standard">{{Cite news |date=November 29, 2019 |title=Bizongo emerges as the fastest-growing tech company in India |url=https://www.business-standard.com/article/companies/bizongo-emerges-as-the-fastest-growing-tech-company-in-india-119112901358_1.html |work=Business Standard}}</ref> and was listed in the 2022 Inc. 5000.<ref name=":3">{{Cite news |title=TheMathCompany is on Inc.'s Regionals 2023: Midwest list! |url=https://www.inc.com/profile/themathcompany |work=inc.com}}</ref> In 2023, the company rebranded itself as MathCo<ref name=":2" /> and announced the integration of GenAI features into its proprietary platform, Co.dx, which is now known as NucliOS. NucliOS is a proprietary analytics platform used for developing low-code and customized applications.<ref name=":1" />

In February 2023, MathCo partnered with [[Women in Data]], a non-profit organization that supports women in the data and analytics field. They also signed an [[Memorandum of understanding|MOU]] with [[Amrita Vishwa Vidyapeetham]] for the MathCo Campus Programme.<ref>{{Cite web |date=2023-02-13 |title=Amrita University and TheMathCompany Partner to Launch "MathCo Campus Program" for Data Analytics and Engineering Education - Amrita Vishwa Vidyapeetham |url=https://www.amrita.edu/news/amrita-university-and-themathcompany-partner-to-launch-mathco-campus-program-for-data-analytics-and-engineering-education/ |access-date= |website=www.amrita.edu |language=en-US}}</ref>

== Awards ==
In 2019, MathCo's founders received the 'Entrepreneur of the Year' award.<ref>{{Cite web |title=Entrepreneur 2019 |url=https://www.entrepreneurindia.com/2019/awards_winner.php |access-date= |website=www.entrepreneurindia.com}}</ref> In 2022, two of its co-founders were in [[Fortune (magazine)|Fortune India]]'s "[[40 Under 40|40 under 40]]" list,<ref>{{Cite web |date=2022-07-12 |title='Be hungry, take risk': Karnataka CM Basavaraj Bommai's mantra for startups |url=https://www.fortuneindia.com/macro/be-hungry-take-risk-karnataka-cm-basavaraj-bommais-mantra-for-startups/109049 |access-date= |website=www.fortuneindia.com |language=en}}</ref><ref>{{Cite web |last=Krishnan |first=-Gina |title=Aditya Kumbakonam, Anuj Krishna - India's Young & Brightest Entrepreneurs in 40 Under 40 2022 - Fortune India |url=https://www.fortuneindia.com/40under40/aditya-kumbakonam-anuj-krishna?year=2022 |access-date= |website=www.fortuneindia.com |language=en}}</ref> and the company ranked 2nd in the [[Deloitte|Deloitte Technology Fast 50 India]] program.<ref name="Business Standard"/> It was also listed in the 2022 Inc. 5000.<ref name=":3" /> In 2023, MathCo was named 'Startup of the Year' by [[Entrepreneur India]],<ref>{{Cite web |title=Startup - AWARD WINNERS - 2023 |url=https://www.entrepreneurindia.com/startup/2023/awards_winner.php |access-date= |website=www.entrepreneurindia.com}}</ref><ref>{{Cite web |last=Staff |first=Entrepreneur |date=2022-04-06 |title=The Start-Up Gold Rush |url=https://www.entrepreneur.com/en-in/starting-a-business/the-start-up-gold-rush/424004 |access-date= |website=Entrepreneur |language=en}}</ref> received an award from [[Fast Company|FastCompany]], and was featured in [[INDIAai]].<ref name=":1" /><ref>{{Cite web |date=2022-07-01 |title=How "Big Data" can Help Startups in their Growth? |url=https://www.startupcityindia.com/scm/how-big-data-can-help-startups-in-their-growth |access-date= |archive-url=https://web.archive.org/web/20220701100854/https://www.startupcityindia.com/scm/how-big-data-can-help-startups-in-their-growth |archive-date=2022-07-01 }}</ref>

== References ==
{{Reflist}}

== External links ==
* [https://mathco.com/ Official website]

[[Category:Technology companies established in 2016]]
[[Category:Multinational companies headquartered in India]]
[[Category:2016 establishments in Karnataka]]
[[Category:Companies based in Bengaluru]]
[[Category:Indian companies established in 2016]]

MathCo - Revision history

Mongkeydyoyo88: Starting info