y42 (formerly Datos Intelligence), a no-code business intelligence platform, has announced a seed round of $2.9 million, led by La Famiglia VC. Additional investors include the co-founders of Foodspring, Personio and Petlab.
“With the advent of cloud data warehouses such as BigQuery and Snowflake, it’s now possible for organizations of any size to utilize data warehousing without large upfront investments. This adoption is reinforced by the growing understanding of data as a strategic asset and the shift towards data-driven decision-making across all departments of an organization. However, much of the existing data warehouse tooling is targeted towards engineers, making it inaccessible for the vast majority of other departments. In addition, data tools that target non-technical users don’t integrate with a scalable data warehouse and thus create data silos,” the company said in a statement.
“As the availability of data increases, the systems to handle this data have grown more complex. Building a scalable data infrastructure has become a nightmare for many organizations,” said Hung Dang, Founder and CEO of y42. “Our mission is to empower teams to get value from data without wasting effort on engineering and maintenance.”
y42 is a collaborative data platform that claims to bring together technical and non-technical users. The company’s no-code approach enables organizations to quickly set up their analytics infrastructure.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.