French startup MyDataModels raises $3 million to support its strong international growth
According to the company’s press release, MyDataModels, a data analysis startup, has raised $3 million in a seed round. The round was led by Speedinvest – a European venture capital fund, with participation from Region Sud Investissement and existing investors Earlybird Venture Capital.
Founded in 2018 by Alain Blancquart & Denis Bastiment, MyDataModels makes Artificial Intelligence accessible via its innovative TADA platform. Using predictive analytics based on advanced Machine Learning technology, TADA turns even small data sets into the accurate, actionable analysis, which enables companies of all sizes to make data-based decisions and optimize their businesses.
The new financing will enable MyDataModels to expand into new international markets, strengthen its workforce, and make it easier for corporations and SMEs across the continent to make strategic, data-based decisions. To date, MyDataModels supports major French companies in the health and industrial sectors, but will now expand its offering to corporations and SMEs across Europe and beyond.
“We are excited to democratize access to Artificial Intelligence for companies of all sizes. This new round of financing will enable us to strengthen our position with major corporations in France, and offer our platform to both large corporations and small and medium-sized companies across Europe. We are looking forward to working alongside Speedinvest, who will support us in our 2 commercial development in France and internationally.” says Alain Blancquart, CEO of MyDataModels.