FriendlyData Gets Seed Funding to Make Enterprise Data More Accessible to Business Users
We are pleased to announce that FriendlyData gets seed funding from TMT Investments, Bulba Ventures, GWC Innovator Fund, Digital Future and other investors. Previously backed by 500 Startups, to date, FriendlyData has raised more than $1M in total funding from investors.
We started FriendlyData in 2016 with the mission of making enterprise data more accessible to business users. Since the inception, we have been working vigorously to develop an Augmented Intelligence algorithm that provides Natural Language Search Interface to large databases. Now FriendlyData’s query translation algorithm is more accurate than all known NLP query parsers.
Early this year, we’ve launched Fetch, a search-based analytics platform for the enterprise which at its core is an extension of FriendlyData’s query translation algorithm. Fetch translates user’s questions into SQL and enables non-technical team members to access data quickly and easily, using natural language, without the need for expensive developers or database professionals for every report.
At FriendlyData we have reimagined the world of enterprise data, and we are working hard to fundamentally change the way people interact with their internal databases. By providing an easy-to-use platform, FriendlyData makes data accessible to everyone. Our solution saves organizations time and money and empowers teams to work smarter, not harder.
Organizations like Wargaming.net rely on FriendlyData to enable smart data discovery and data analysis for non-technical staff through natural language search interface. “FriendlyData has addressed a huge need in the world of enterprise data by helping non-technical people access critical data in a secure, intuitive way,” said Alex Nenadavets, Lead Strategic Intelligence Analyst at Wargaming.net. “Individuals and teams that rely on timely, trustworthy data now have an amazing new tool at their disposal."
We are proud of the technology we’ve developed, and there’s a lot of work still to be done. We plan to use the funding for further development of our new product Fetch. The investment will also help us accelerate R&D in the field of machine learning and natural language processing as well as expand our sales and marketing efforts.
“Bulba Ventures is funding promising machine learning startups and we are happy to support FriendlyData in acceleration of R&D in machine learning and natural language processing,” said Yury Melnichek, Partner at Bulba Ventures. “FriendlyData's mission to reimagine the way people interact with data is something we believe is of big importance. It will definitely impact many industries and make data more accessible to everyone.”
We thank our investors for sharing our values and vision for data in the enterprise. At FriendlyData we believe the future is complementarity between computers and humans, between users and data. We want to make data accessible to everyone so that every organization becomes data-driven.
For questions, please contact [email protected].