Soda, a Brussels, Belgium-based AI-enabled data quality company, has secured €12.9 million in funding.
Investors
The investment was from strategic partners and existing investors like Singular and Point Nine.
Founded in 2019, Singular is a venture capital firm based in Paris, France. The firm prefers to invest in seed-stage, early-stage, and later-stage companies based in the European region.
Point Nine Capital is a venture capital firm based in Berlin, Germany. Founded in 2011, the firm seeks to invest in companies operating in the software as a service, enterprise software, and business-to-business marketplaces sectors across Europe and the United States.
Soda Use of Funds
The company will use the funding to expand its global team, particularly strengthening its New York City headquarters with experienced go-to-market talent to drive further growth in North America. It also plans to enhance its platform by integrating AI more deeply into the workflow of data engineers.
About Soda
Soda provides a data quality platform built for the modern data stack. Its mission is to help data teams catch, prevent, and resolve data issues before they wreak havoc downstream. The platform allows users to integrate robust data quality checks directly into their data systems and workflows. Soda is trusted by 100 data-driven organizations worldwide, including HelloFresh, Group 1001, Lululemon, Panasonic, Zefr, and Zendesk.
Funding Details
Company: Soda Data, Inc.
Raised: €12.9M
Round: Unknown
Funding Month: July 2024
Investors: Singular, Point Nine
Company Website: https://www.soda.io/
Software Category: Data Monitoring and Observability
Source: https://eu-startups.com/2024/07/brussels-based-soda-snaps-e12-9-million-to-expand-its-data-quality-platform-in-the-us/