DataChat Announces Closing of $4 Million Seed Round to Accelerate the Democratization of Data Analytics
DataChat | October 22, 2020
DataChat, Inc, a University of Wisconsin-Madison spinout with a sophisticated yet intuitive data analytics platform, today announced the closing of a $4 million seed funding round led by leading Silicon Valley venture capital firms WRVI Capital and Nepenthe Capital. Other participants included individual investors from Google and Palo Alto Networks. "We're building technology that represents the future of how people get insights from their data. It's a sophisticated technology that cuts across multiple disciplines in computer science, including data science and AI," said Jignesh Patel, the CEO and co-founder of DataChat, "We needed smart money to fuel our vision and this round does exactly that." Growing customer interest led the company's leadership to pursue investment from major venture capital firms in Silicon Valley. DataChat plans to use this funding to further scale the team and customer base.