Soda Data Raises $14M for AI Data Reliability Tools
July 13, 2024, 3:43 am
Location: Belgium, Brussels-Capital, City of Brussels
Employees: 11-50
Founded date: 2018
Total raised: $27.84M
Soda Data NV, an artificial intelligence-powered data quality startup, secures $14 million in funding to expand its global presence and accelerate the integration of AI into data engineering workflows.
Soda Data NV, a Netherlands-based startup, announced today that it has closed a new $14 million funding round led by existing investors and strategic partners Singular and Point Nine. Despite achieving financial self-sufficiency over the past year, the company continues to attract investment to meet the growing demand for reliable data in the age of artificial intelligence.
The rise of AI has created a frenzy among companies seeking to harness vast amounts of data to train their AI models. Soda Data addresses this demand with its suite of data quality tools, including SodaGPT, a generative AI-powered tool that simplifies data quality testing for users of all backgrounds. By democratizing data quality testing, Soda Data enables non-technical staff to identify reliability issues early in the AI development process, reducing the burden on data science and engineering teams.
Building on the success of SodaGPT, Soda Data introduced Soda Core, an open-source framework that streamlines the integration of reliability checks into data pipelines. This innovation allows teams to maintain data quality by implementing data checks-as-code, ensuring the scalability of the reliability process across various data workloads.
With a growing community of users that includes major companies like Walt Disney Co. and HelloFresh, Soda Data is poised to expand its presence in North America. The funding from the latest round will support the company's efforts to grow its global teams and enhance its go-to-market operations, with a focus on tighter integration of AI into data engineering workflows.
Maarten Masschelein, CEO of Soda Data, emphasized the company's commitment to democratizing data quality and capitalizing on the value of data in the AI era. The additional funding will enable Soda Data to leverage AI more effectively in automating testing and observability for the data layer, further solidifying its position as a leader in AI-driven data reliability tools.
In a challenging year for technology companies, Soda Data's achievement of financial self-sustainability while maintaining its team intact is a testament to its resilience and vision. As the company continues to innovate and expand its offerings, it remains dedicated to empowering organizations with reliable and high-quality data to drive better decision-making in the era of artificial intelligence.
Soda Data NV, a Netherlands-based startup, announced today that it has closed a new $14 million funding round led by existing investors and strategic partners Singular and Point Nine. Despite achieving financial self-sufficiency over the past year, the company continues to attract investment to meet the growing demand for reliable data in the age of artificial intelligence.
The rise of AI has created a frenzy among companies seeking to harness vast amounts of data to train their AI models. Soda Data addresses this demand with its suite of data quality tools, including SodaGPT, a generative AI-powered tool that simplifies data quality testing for users of all backgrounds. By democratizing data quality testing, Soda Data enables non-technical staff to identify reliability issues early in the AI development process, reducing the burden on data science and engineering teams.
Building on the success of SodaGPT, Soda Data introduced Soda Core, an open-source framework that streamlines the integration of reliability checks into data pipelines. This innovation allows teams to maintain data quality by implementing data checks-as-code, ensuring the scalability of the reliability process across various data workloads.
With a growing community of users that includes major companies like Walt Disney Co. and HelloFresh, Soda Data is poised to expand its presence in North America. The funding from the latest round will support the company's efforts to grow its global teams and enhance its go-to-market operations, with a focus on tighter integration of AI into data engineering workflows.
Maarten Masschelein, CEO of Soda Data, emphasized the company's commitment to democratizing data quality and capitalizing on the value of data in the AI era. The additional funding will enable Soda Data to leverage AI more effectively in automating testing and observability for the data layer, further solidifying its position as a leader in AI-driven data reliability tools.
In a challenging year for technology companies, Soda Data's achievement of financial self-sustainability while maintaining its team intact is a testament to its resilience and vision. As the company continues to innovate and expand its offerings, it remains dedicated to empowering organizations with reliable and high-quality data to drive better decision-making in the era of artificial intelligence.