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DataChat, Inc., a software company that’s revolutionizing data analytics, today announced the closing of a $25 million Series A funding round led by Redline Capital and Anthos Capital. Celesta Capital (formerly WRVI Capital) and Nepenthe Capital, which led the previous $4 million seed funding round, also participated.
DataChat addresses a key problem for businesses: Collecting data is easy, but making data-driven decisions is hard, especially for business users who need to act quickly to emerging trends in their data.
“Business data analytics is largely stuck in decades old processes driven by traditional business intelligence tools,” Tatiana Evtushenkova, a partner at Redline Capital, said, “Jignesh and his team have a radically different approach to democratize analytics using a novel conversational paradigm, and they have a compelling vision to dramatically transform the existing analytics ecosystem. We are delighted to have led this round.”