YZR, a Paris, France-based startup that uses AI to normalize data, raised $12 million in a Series A funding round was co-led by Nauta Capital and Orange Ventures.
The company intends to use the funds to scale up its operations, improve its product, specifically in health and consumer data, make strategic key hires, and widen its global reach by penetrating both European and US markets, with plans to set up a US subsidiary.
Company: YZR
Raised: $12.0M
Round: Series A
Funding Month: March 2022
Lead Investors: Nauta Capital and Orange Ventures
Additional Investors:
Company Website: https://www.yzr.ai/
Software Category: Smart Data Normalization Platform
About the Company: Founded in September 2019 by Sébastien Garcin, President, and Jean-Philippe Poisson, General Manager, YZR is a smart data normalization platform, delivered as a SaaS (Software as a Service). Thanks to AI, the platform aims to simplify the work of 54 million data workers in the world who are currently manually standardizing data using spreadsheets. YZR thus provides its solution to retail and e-commerce leaders such as Monoprix or La Redoute to automatically standardize heterogeneous product data from their suppliers. YZR has created a no-code, plug-and-play, data preparation platform that makes it easier, better, and faster to normalize and prepare data for downstream ingestion. Their AI-powered standardization, labeling, and context-understanding software have in-depth sector-specific semantic knowledge to quickly enable business units to draw value from it. The company currently works with the likes of brands such as Monoprix, Clear Channel, Aramis Auto, and BNP Paribas.
Source: https://www.finsmes.com/2022/03/yzr-raises-12m-in-series-a-funding.html