Noogata, a New York and Tel Aviv, Israel-based provider of no-code artificial intelligence (AI) solutions, raised $16 million in Series A funding round led by Eight Roads, with participation from Allon Ventures.
To date, this brings the company's total funding to $28 million, with the seed investment made by Team8 and Inference Partners.
The new capital will be used to support Noogata's expansion goals in the United States and research and development (R&D) operations in Israel. Over the next year, the company will also grow its sales, marketing, and product development teams to continue to bring its platform to the next level.
Company: Noogata Technologies Ltd.
Raised: $16.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Eight Roads
Additional Investors: Allon Ventures
Company Website: https://noogata.com/
Software Category: No-code artificial intelligence (AI) platform
About the Company: Noogata is a global leader in no-code artificial intelligence (AI) for enterprises. Its AI platform is built for business users who need to turn their data into actionable insights quickly and easily to drive opportunities, growth, and profit. Noogata delivers the benefits of best-in-class AI for maximum business impact without the complexity and costs of having to develop or maintain your models. It is currently being used by a range of blue-chip companies to drive sales and scale AI across their organizations. Founded in 2019 with offices in New York and Tel Aviv.
Source: https://www.prnewswire.com/news-releases/noogata-closes-16-million-series-a-to-make-ai-analytics-accessible-301523678.html