PandasAI, a Germany-based startup that is developing a conversational AI assistant for data analysis, raised $1.1 million in pre-seed funding.
SaaS Investors
The round was from investors including Runa Capital, Episode1, and Vento.
Runa Capital is an international venture capital firm headquartered in Luxembourg that invests in deep tech, cloud business software, fintech, edutech, and digital health startups in early stages.
Founded in 2013, Episode 1 Ventures is a venture capital investment firm based in London, United Kingdom. The firm prefers to invest in startups based in the United Kingdom operating in the B2B software sector.
Vento is an investment firm that invests in companies that focus on the water cycle, the environment, energy, and smart cities. Based in Turin, Italy, the firm is a project funded by Exor Ventures.
PandasAI Use of Funds
The funding from the fresh round will support PandasAI in scaling its operations through hiring and expanding its offerings to assist organizations in generating insights related to their specific needs.
About PandasAI
PandasAI is a startup developing AI assistant for data analysis. Its primary focus is on creating an infrastructure solution that integrates conversational AI with the widely-used Python data analysis library pandas. It operates as an open-source project under the MIT license and aims to enhance data analysis by leveraging generative AI-powered conversational capabilities. PandasAI's AI assistant allows users to ask questions about their datasets, and access answers to advanced analytical functions and aims to make data analysis more accessible to decision-makers. The startup has gained significant attention on GitHub, accumulating over 8,600 stars and attracting interest from undisclosed Fortune 500 companies for pilot projects.
Funding Details
Company: PandasAI
Raised: $1.1M
Round: Pre-Seed Round
Funding Month: September 2023
Lead Investors: Runa Capital, Episode1, and Vento
Additional Investors:
Company Website: https://pandas-ai.com/
Software Category: AI-powered Data Analysis
Source: https://tech.eu/2023/09/29/pandasai-raises-11m-in-pre-seed-round-for-ai-powered-data-analysis/