Datavolo raised over $21M in funding led by General Catalyst to expand operations and development efforts.
Apr 03, 2024•over 1 year ago
Amount Raised
$21 Million
Investors
Mvp VenturesRob BeardenHuman CapitalCiti VenturesGeneral Catalyst
Description
Datavolo, a company specializing in multimodal data pipelines for AI, raised over $21M in funding led by General Catalyst, with participation from investors including Citi Ventures, Human Capital, Rob Bearden, and MVP Ventures. The company intends to use the funds to expand operations and development efforts. Datavolo is also announcing a private beta program for customers building Retrieval Augmented Generation (RAG) applications.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech