German data management innovator, One Data, has achieved a significant milestone with a €32 million Series B extension round, co-led by prominent European deep tech and software investors Vsquared Ventures, Molten Ventures, and HV Capital.
Founded in 2012, One Data specializes in AI-powered data product builders, revolutionizing how businesses create, manage, and distribute data products with unparalleled efficiency. By automating the integration and analysis of disparate data sources, One Data’s platform enables companies to save up to 80 percent of their time, enhancing productivity and decision-making capabilities across various sectors such as retail, manufacturing, pharmaceuticals, chemistry, and automotive. Noteworthy clients within the DACH region include BioNTech, thyssenkrupp, and SCHOTT.
Dr. Andreas Böhm, Founder and CEO of One Data, articulated the transformative impact of their technology: “Our platform converts isolated data into actionable insights, establishing robust data governance frameworks that underpin stable supply chains, accelerated R&D cycles, and empowered data teams. This reinforces the strategic value of data products within enterprises.”
The funding infusion will bolster One Data’s market leadership in data product management, facilitating expansion into global markets and strengthening strategic alliances. Dr. Böhm emphasized, “The expertise and strategic guidance of our investors in deep tech and scaling will be pivotal as we embark on our growth trajectory.”
Benedikt von Schoeler, General Partner at Vsquared Ventures, highlighted the vast potential of One Data’s solutions: “As companies increasingly rely on data-driven insights, One Data stands poised to drive digital transformation across industries, enhancing the competitiveness of its clientele globally.”
In conclusion, One Data’s Series B extension not only signifies confidence in its technological prowess but also heralds a new phase of innovation and expansion in the realm of AI-powered data management.
Editorial Opinion: One Data’s ability to streamline complex data processes with AI represents a paradigm shift in enterprise efficiency. By empowering businesses to harness the full potential of their data, One Data is not just addressing operational challenges but also paving the way for more agile, data-driven decision-making. As industries worldwide navigate digital transformation, solutions like those offered by One Data are crucial for maintaining competitive advantage and achieving sustainable growth. The strategic use of this funding to expand globally and deepen product integration underscores One Data’s commitment to driving innovation and delivering tangible value to its diverse customer base.
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