Local Firm Virtualitics Secures Strategic Investment from Citi

Virtualitics, a Pasadena-based company that develops data exploration software, announced on May 18 that it has secured a strategic investment from Citi. The amount of the investment was not disclosed.

Virtualitics’ platform uses artificial intelligence and machine learning to help businesses explore their data more quickly and easily. The platform can be used to identify patterns, trends, and anomalies in data, and to generate insights that can be used to improve decision-making.

Citi’s investment in Virtualitics is a sign of the growing importance of data exploration in the business world. As businesses collect more and more data, they need tools to help them make sense of it. Virtualitics’ platform can help businesses to do just that.

“We are excited to partner with Citi,” said Michael Amori, CEO and co-founder of Virtualitics. “Citi is a global leader in financial services, and their investment will help us to accelerate our growth and expand our reach to new customers.”

“Virtualitics is a leading provider of data exploration software,” said Katya Chupryna, Director of Citi’s SPRINT team. “Their platform is a valuable tool for businesses that are looking to make better decisions with their data. We are excited to partner with Virtualitics and support their growth.”

Virtualitics’ platform is currently used by businesses in a variety of industries, including financial services, healthcare, and retail. The company plans to use the proceeds from Citi’s investment to expand its sales and marketing efforts, and to develop new features for its platform.