One Data, a data management software, announced the completion of its EUR 32 million (~$34.9 million) Series B extension round, co-led by Vsquared Ventures, Molten Ventures, and HV Capital.
One Data will use the additional capital to strengthen its leading position in data product management, expand into international markets, and build strategic partnerships, and offer access to its product to an even larger customer base.
Dr. Andreas Böhm, Founder and CEO of One Data, shared: “The next major jump in productivity can only happen if businesses start using data more effectively. Our new and unique technology turns siloed data automatically into reliable, valuable data products, enabling companies to establish a consistent data governance policy. This leads to more stable supply chains, better forecasting, faster R&D processes and highly efficient data teams, who are a true asset for their businesses and whose work now becomes visible through our software. As a result, the corporate value they generate through data products is self-evident. We are delighted by the trust and support shown by our new investors. We can now achieve our mission much faster: to enable many companies globally to use data profitably and create substantial business value. Additionally, our investors` expertise in the fields of deep tech, software and scaling, as well as their strategic approach, knowledge and contacts will be a huge value to One Data on our growth journey.”
Benedikt von Schoeler, General Partner at Vsquared Ventures, said: “One Data can become the key enabler for companies to leverage the full potential of their software applications, including GenAI and BI. Both in Europe and abroad there is vast potential in this huge emerging market, as smart data management is a prerequisite for any company looking to stay ahead in its industry.”
Nelly Markova, Partner at Molten Ventures, added: “One Data has built a world-class AI-native platform that allows business users to harness the value of data in an automated fashion. The platform is already trusted by many blue-chip customers, and we are looking forward to support Andreas and the One Data team to scale the business globally.”
David Kuczek, General Partner at HV Capital, stated: “One Data is revolutionizing data management by pioneering data products. With years of consulting experience solving intricate data challenges, they are uniquely positioned to address customer pain points. The global growth potential is immense, driven by the increasing data demands of LLMs.”
About One Data:
One Data empowers companies to unlock value by transforming their data into discoverable, reliable, interoperable, and secure data products. With One Data’s AI-powered Data Product Builder, businesses can efficiently create, manage, and share data products. This advanced AI technology collects, analyzes, and connects data points, enhancing the quality of insights generated.
The platform supports companies across various industries, including retail, manufacturing, pharmaceuticals, chemistry, and automotive, positioning them at the forefront of their fields.
(Source: One Data)
SaaS Weekly Roundup #52
