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Datavolo raised over $21M in funding led by General Catalyst to expand operations and development efforts.

Apr 03, 2024over 1 year ago

Amount Raised

$21 Million

PhoenixMachine LearningArtificial IntelligenceSoftware

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.

Company Information

Company

Datavolo

Location

Phoenix, Arizona, United States

About

Datavolo is a Phoenix, AZ-based company specializing in multimodal data pipelines for AI. Datavolo provides a multimodal data pipeline platform that enables users to ingest, process, govern, schedule and track unstructured data from beginning to end, establishing a chain of custody for mission-critical generative AI retrieval-augmented generation (RAG) applications.

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Funding Insights

Based on industry data
VC-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