YData, the Lisbon-based startup that created the first data preparation platform to accelerate the development of AI solutions, successfully closed a Seed funding round worth €2.33 million to fast-track its expansion across Europe and North America.
The funding round was led by Flying Fish Partners, a US fund that specializes in AI and whose partners are former Microsoft and Amazon Directors. The existing investors Faber, EDP Ventures, and Real Ventures also participated in this round.
Company: YData, Lda
Round: Seed Round
Funding Month: October 2021
Lead Investors: Flying Fish Partners
Additional Investors: Faber, EDP Ventures, and Real Ventures
Company Website: https://ydata.ai/
Software Category: Data preparation platform
About the Company: Founded in 2019, YData’s data preparation platform is currently probably the only product that brings together the major data science frameworks combined with proprietary tools for data access and profiling, data generation and labeling, to deliver better data quality for AI. Better data means fewer errors, biases, and a representative set that ensures AI is built responsibly.