Nextdata, a San Francisco, CA-based provider of a data-mesh-native platform to build and share data products at scale, closed $12 million in seed funding.
The round was led by Greycroft and Acrew Capital, with participation from additional investors and leading industry angels.
Greycroft is a venture capital firm that focuses on technology start-ups and investments in the Internet and mobile markets. The firm prefers to invest in consumer internet, financial technology, healthcare, and enterprise software sectors in the United States. Founded in 2006 and is based in New York, New York.
Founded in 2019, Acrew Capital is a venture capital firm based in San Francisco, California. The firm seeks to invest in cybersecurity, software infrastructure, financial technology, consumer networks and marketplaces, web 3.0, crypto, the future of work, and enterprise software sectors.
Nextdata Use of Funds
The company plans to use the funding to advance the development of its proprietary data mesh technology and expand its teams in product, engineering, and go-to-market efforts.
Founded in 2022 by Zhamak Dehghani, Nextdata is unlocking the AI revolution with an operating system for decentralized data at scale. It delivers a native platform for data developers to simplify the process of sharing, connecting and discovering enterprise data for AI and analytics. Its proprietary platform – Nextdata OS – is a data-mesh-native toolset for creating, sharing, discovering and using data across systems and boundaries without sacrificing governance and quality.
Over a thousand companies have signed up for early access to Nextdata OS, and pilots with Fortune 100 global enterprises are putting data mesh into action.
Round: Seed Round
Funding Month: September 2023
Lead Investors: Greycroft and Acrew Capital
Company Website: https://www.nextdata.com/
Software Category: Data-Mesh-Native Platform