Euno, a Sunnyvale, CA-based data startup, raised $6.25 million in seed funding and emerged from stealth to launch a dynamic governance solution for data teams in large-scale organizations.
SaaS Investors
The round was led by 10D, with participation from INT3, both prominent early-stage Israeli funds specializing in enterprise software. Notable angel investors contributing to this round include Barr Moses (co-founder and CEO at Monte Carlo), Lior Gavish (co-founder and CTO at Monte Carlo), and Yoni Broyde (former co-founder and CEO at Alooma).
10D is a venture capital firm that seeks to invest in early-stage Seed and Series A rounds in digital health, fintech, insurance, computer vision, and artificial intelligence startups. Founded in 2018 and based in Tel Aviv, Israel, 10D makes $1 million to $5 million in initial investments and follow-on investments of up to $10 million.
Euno Use of Funds
The company will allocate the funds to develop its data governance solution. Euno aims to streamline data governance for large-scale organizations by providing a dynamic governance solution tailored for data teams.
About Euno
Founded in 2023 by Sarah Levy and Eyal Firstenberg, Euno provides a data governance platform offering a unique approach to dynamic data modeling. It aims to strike a balance between the freedom of data analysts and the need for consistent data models. Targeted at large and scale-up organizations, Euno offers a collaborative environment where business analysts can innovate while ensuring data model elements remain consistent and reusable across the organization. The platform seamlessly integrates with popular business intelligence (BI) tools and utilizes automation to detect, map, and synchronize data model changes on a large scale. Euno is now generally available for customers, with integrations already in place for BI applications such as Looker, Metabase, and Tableau."
Funding Details
Company: Euno
Raised: $6.25
Round: Seed Round
Funding Month: March 2024
Lead Investors: 10D
Additional Investors: INT3, Barr Moses, Lior Gavish, Yoni Broyde
Company Website: https://euno.ai/
Software Category: Data Governance Solution
Source: https://www.globenewswire.com/news-release/2024/03/19/2848503/0/en/Euno-Emerges-from-Stealth-with-Frictionless-Data-Model-Governance-Platform-Secures-6-25M-in-Seed-Funding.html