I am thrilled to announce today that we closed a Series B round of funding, which brings $15 million in new financing to Indix from Nokia Growth Partners, Nexus Venture Partners and Avalon Ventures.
As CEO, this is a particularly proud moment for me. This round of funding comes after record billings in Q1 2015. We added many new customers to our roster which helped drive more than 250 percent growth in quarterly revenue year-over-year. Our relationships with our customers and partners have been invaluable in helping us hone our products and serve them better.
This new investment will help us accelerate the development of our Product Intelligence platform and extend the benefits to new use cases, customer segments, and geographies. We will use these new funds to grow our team of data scientists and boost our sales and marketing efforts at the same time.
I am incredibly proud of what we have accomplished so far and want to thank everyone — our investors, advisers, and most of all our amazing employees — for getting us to this point. We have lots more to do, more dreams to accomplish, and I am looking forward to continuing the journey together.
For more on the funding announcement, read the press release here.