
XDuce
Established in 2006, XDuce is a prominent enterprise app and AI development firm. We focus on crafting innovative AI solutions tailored to enhance internal operations and customer-facing systems across various industry sectors.
Date | Investors | Amount | Round |
---|---|---|---|
* | $10.0m Valuation: $50.0m | Late VC | |
Total Funding | 000k |
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Established in 2006 by founder Jay Dave, XDuce operates as a global IT services and consulting firm headquartered in Edison, New Jersey, with a significant presence in Ahmedabad, India. Jay Dave, who serves as the President and CEO, holds an MS in Computer Science and is an alumnus of the Goldman Sachs 10,000 Small Businesses program, a curriculum designed to help entrepreneurs grow their businesses. His leadership guides the company in providing a broad range of digital and business transformation services.
XDuce functions as a technology services partner, generating revenue by delivering custom IT solutions and consulting for clients. The company's business model revolves around offering end-to-end services, from initial strategy and consulting to application development, maintenance, and support. It serves a diverse clientele across various sectors, including financial services, healthcare, insurance, and the public sector. A key milestone for the company was the acquisition of a majority stake in SANS Consulting in July 2020, a New York-based IT staffing firm specializing in the banking and financial services verticals. This strategic move expanded XDuce's footprint in high-value markets. Furthermore, the company secured $10 million in a Series A funding round on February 25, 2024, from Infibeam Avenues, to fuel its continued growth.
The firm's core offerings include enterprise application development, legacy system modernization, digital process automation, and cloud computing consulting with expertise in Microsoft, Oracle, and AWS platforms. XDuce develops custom software, web, and mobile applications using technologies like Python, Java, and React Native. The service portfolio also extends to specialized areas such as data analytics, AI and automation, cybersecurity, and blockchain solutions. For instance, the company has created a generative AI solution to automate underwriting tasks for an insurance client and built a secure financial platform for a large professional association to optimize decision-making. By providing tailored solutions that address specific industry challenges, XDuce helps organizations streamline operations, enhance service delivery, and improve data security.
Keywords: IT services, digital transformation, enterprise application development, cloud consulting, data analytics, systems integration, IT staffing, legacy modernization, AI automation, cybersecurity services, Oracle partner, Microsoft partner, AWS partner, financial services IT, healthcare IT, public sector IT, business process automation, Jay Dave, SANS Consulting, Infibeam Avenues