Deasie, a New York-based data governance platform, has raised $2.9 million in seed funding.
SaaS Investors
The funding was led by Y Combinator and included General Catalyst, RTP Global, Rebel Fund, and J12 Ventures.
Founded in 2005, Y Combinator is an accelerator firm based in Mountain View, California. The firm prefers to invest in b2b software and services, education, consumer, healthcare, real estate and construction, financial technology, industrials, and government sectors.
Deasie Use of Funds
The company plans to use the fresh funds to expand its product team.
About Deasie
Founded by Reece Griffiths, Mikko Peiponen, and Leo Platzer, Deasie is a data governance platform to support the safe adoption of language model applications in the enterprise. Deasie's platform connects to a company's data sources, organizes data into smaller sections based on semantic meaning, and tags it for content and sensitivity. The data library can be used in language model applications like chatbots, with a focus on filtering data for relevance, quality, and safety.
Funding Details
Company: Deasie, Inc.
Raised: $2.9M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Y Combinator
Additional Investors: General Catalyst, RTP Global, Rebel Fund, and J12 Ventures
Company Website: https://deasie.com/
Software Category: Data Governance Platform
Source: https://tech.eu/2023/10/12/deasie-raises-29-million-for-data-governance-platform-expansion/