One Data, a data management software startup from Germany, has announced that it has closed a €32 million Series B extension round. It was led by European deep tech and software investors Vsquared Ventures, which recently invested in Dynelectro and Black Semiconductor, Molten Ventures, which invested in Anima and FintechOS, and HV Capital.
The company will use the additional capital to further strengthen its leading position in data product management, to expand its offering into international markets in the DACH region and scale internationally, and to foster its strategic partnerships to offer access to its product to an even larger customer base.
What challenge does it tackle?
Data serves as the lifeblood of various technological advancements. Proper access and management of data is at the heart of enabling AI, GenAI, Business Intelligence, and Process Mining. However, it is still a major hurdle for many businesses. According to recent research by Bitkom, in Germany alone, only 6% of companies are harnessing the potential of the data available to them.
Simultaneously, more than half are aiming to implement a data-driven business model within the next two years. The vast amount of time spent on requesting, finding, integrating, and preparing data significantly slows down the implementation of artificial and business intelligence.
Surpassing this challenge, One Data empowers the smart collection, connection and usage of data for all data-driven and business applications, especially for GenAI.
What does the company do?
Founded by Dr. Andreas Böhm, One Data’s AI-powered Data Product Builder enables businesses to build, manage, and share Data Products while saving around 80% of time spent, positioning them at the forefront of their industries.
It leverages AI-technology to collect, analyse, and connect data points, increasing the quality of the insights generated, supporting companies across all industries, including retail, manufacturing, pharma, chemistry and automotive.
The company has a large portfolio of blue-chip customers across the DACH region, including BioNTech, thyssenkrupp and SCHOTT.
Dr. Andreas Böhm, Founder and CEO of One Data, said: “The next major jump in productivity can only happen if businesses start using data more effectively. Our new and unique technology turns siloed data automatically into reliable, valuable data products, enabling companies to establish a consistent data governance policy. This leads to more stable supply chains, better forecasting, faster R&D processes and highly efficient data teams, who are a true asset for their businesses and whose work now becomes visible through our software.”
Investors’ views
Benedikt von Schoeler, General Partner at Vsquared Ventures, said: “One Data can become the key enabler for companies to leverage the full potential of their software applications, including GenAI and BI. Both in Europe and abroad there is vast potential in this huge emerging market, as smart data management is a prerequisite for any company looking to stay ahead in its industry.”
Nelly Markova, Partner at Molten Ventures, added: “One Data has built a world class AI-native platform that allows business users to harness the value of data in an automated fashion. The platform is already trusted by many blue-chip customers, and we are looking forward to support Andreas and the One Data team to scale the business globally.”
David Kuczek, General Partner at HV Capital, stated: “One Data is revolutionising data management by pioneering data products. With years of consulting experience solving intricate data challenges, they are uniquely positioned to address customer pain points. The global growth potential is immense, driven by the increasing data demands of LLMs.”
What do we think about One Data?
The company’s AI-powered Data Product Builder is transforming data management, addressing critical business needs for data-driven models. With a strong portfolio of blue-chip clients and strategic investors, One Data is set to expand internationally and solidify its market leadership. Its innovative technology will drive efficiency in data governance, forecasting, R&D, and supply chains, making it a key enabler for AI and business intelligence advancements globally.