EPFL spin-off and data specialist RAW Labs raises USD 5.5 millionWednesday 17 February 2021
Thanks to its revolutionary NoDB data management platform, EPFL spin-off RAW Labs has completed a USD 5.5 million pre-Series A funding round to support the surge in demand for its services.
RAW Labs has developed NoDB, a single unified platform that allows data engineers, data scientists, and data analysts to seamlessly access, query, clean, and enhance heterogeneous data sources in near real-time and transform them into high-value data products for consumption by analytical tools, machine learning models, and enterprise applications.
The EPFL spin-off’s platform, NoDB, has a revolutionary query engine. This gives the system the unique capability to query large and complex data sources at high performance without the need for costly and time-consuming information integration preprocessing or integration with data sources.
The company has secured funds in the amount of USD 5.5 million in a pre-Series A round led by a group of investors specializing in investments of high growth technology companies and Investiere. The capital will enable RAW Labs to accelerate the acquisition of large enterprise clients and to further expand the capabilities of its core NoDB data platform.
Building upon more than 10 years of advanced database research at EPFL
Founded in 2015 as a spin-off of EPFL and based in Renens in the canton of Vaud, Raw Labs enables companies to rapidly create enhanced sets of data in real-time, regardless of data format and complexity, and use these data sets to build data-driven applications without having to store the data in a database.
“It’s a privilege to have a group of sophisticated investors who have proven experience in helping technology companies scale,” says Lars Farnstrom, CEO of RAW Labs. “Data drives digital transformation. We believe that by eliminating the artificial barrier between operational and analytical data and enabling this in record time and without any expensive integrations, RAW Labs can help companies accelerate their digital transformation.”