Y42, a Berlin-based low-code data platform, announced that it raised a $31 million Series A funding round co-led by Atomico and Insight Partners.
La Famiglia, which led the company’s seed round, and Data Community Fund also participated in this round, which brings the company’s total funding to date to just under $34 million.
Y42 plans to use the new funding to accelerate the development of its platform, scale its team and expand its go-to-market efforts.
Company: Datos-Intelligence GmbH
Raised: $31.0M
Round: Series A
Funding Month: October 2021
Lead Investors: Atomico and Insight Partners
Additional Investors: La Famiglia
Company Website: https://www.y42.com/
Software Category: Full-stack data platform
About the Company: Y42 (formerly Datos Intelligence) is a full-stack data platform that anyone can run taking away the complexity of managing multiple tools. Create a scalable data platform and have a great time doing it. The all-in-one data platform runs on top of your data warehouse and empowers users to load hundreds of data sources, clean, connect, visualize and share data. Y42 was founded in 2020 and today compiles a team of data witches and wizards, software magicians as well as business geeks. The company currently has about 70 employees, up from 25 in March. Its customers include the likes of LifeMD, Petlab, and Everdrop.
Source: https://techcrunch.com/2021/10/25/data-platform-y42-raises-31m/