Polestar Analytics, a Plano-based provider of AI-driven analytics and planning, has raised $12.5 million in growth capital from a consortium of U.S.-based family office and institutional investors. Polestar said the funding will be used to further deepen its AI capabilities and reinforce the development of its proprietary 1Platform, which the company said is “regarded as one of the industry’s best data convergence solutions for enterprise-scale analytics.”

“This investment marks a pivotal moment in our mission to redefine how enterprises harness data and AI,” Polestar CEO Chetan Alsisaria said in a statement. “The funding allows us to accelerate innovation and continue delivering measurable business outcomes that set new industry benchmarks.”

Polestar also announced that Michel Combes has joined the company as board chair.

Combes is an internationally known technology and telecommunications executive with more than 30 years of leadership experience, the company said. He currently serves as executive chairman and acting CEO at Brightspeed and as a member of the executive advisory council at Apollo. Combes is a partner at ForgeLight, an operating and investment company focused on the media and the consumer technology sector. He serves on the boards of multinational firms including Phillip Morris International, E& (Etisalat), and F5 Inc.

Previously, Combes was EVP at Claure Group, a global investment firm. He was the CEO and president of SoftBank Group International, CEO of Sprint in the U.S., CEO of Altice N.V., CEO of Alcatel-Lucent, and CEO of Vodafone Europe. Also, he held leadership roles at France Télécom and TDF Group.

‘A leader in data analytics and AI’

“I’m delighted to join Polestar Analytics as chair of the board at this pivotal moment in the company’s growth,” Combes said in a statement. “Polestar Analytics has established itself as a leader in data analytics and AI, with its proprietary 1Platform setting new benchmarks for data convergence and intelligent insights. I have great confidence in the leadership team and their strategic vision.” 

Combes noted the new investment’s impact on the company’s future.

“With the recent investment, Polestar Analytics is well positioned to accelerate innovation, expand its AI offerings, and deliver even greater value to customers worldwide,” he said. “I look forward to working closely with the entire Polestar Analytics team as we realize this tremendous potential together.”

Alsisaria said Combes will be important in the company’s growth.

“We’re equally honored to welcome Michel Combes as chair of the board; his track record of scaling global technology leaders will be invaluable as Polestar Analytics enters its next phase of accelerated growth,” Alsisaria said.

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