Antwerp-based Timeseer.AI, a time-series Data Operations (DataOps) software company, announced on Friday that it has raised $6M (approx €5.3M) in its Seed round of funding. The round was led by Crane, SmartFin, Fortino, LRM, and the Innovation Fund.
Crane Venture Partner, Scott Sage, says, “We loved everything about the founding team: their early product and their ultimate vision from the very first meeting. They are obsessed with driving massive outcomes for their customers, which they have already proven with some of the largest and most demanding data-driven enterprises in the world. The time series data operations market is just getting going, and Timeseer.AI is poised to be a major player.”9
Time-Series data reliability and observability platform
According to Timeseer, it is crucial to get a grip on unreliable data before it impacts a company’s operations. It only cost $1 to detect data downtime whereas it would have cost $10 to fix the problem and it would balloon to $100 of financial impact when it hits operationally.
Founded in 2020 by Bert Baeck, Timeseer’s goal is to automate the overall data orchestration throughout an organisation to deliver high-quality, on-demand data to customers. The startup’s time-series data reliability platform empowers data teams to enable reliable time-series analytics through improved data quality and observability.
Companies can tame unreliable data, reduce overall data downtime, and make time series analytics more trustworthy with Timeseer. The software can empower data teams to detect, prioritise and investigate data quality issues before they hit operations. Currently, the software is already trusted by data teams of more than a dozen Fortune 500 companies.
How was Timeseer born?
Bert Baeck, after taking exit from his earlier startup TrendMiner (acquired by Software AG), worked in Venture Capital for three years as one of the partners of Smartfin Capital, a Belgian B2B technology fund investing across Europe with nearly €400M AUM.
During that period, Baeck claims to have investigated thousands of interesting companies resulting in some outstanding transactions such as Roamler, Recharge.com, Betty Blocks, and many more. He says, “A large chunk of my time though was spent hunting for the ideal target within the machine learning, analytics, and data (MAD) and IoT spaces. But I just couldn’t find that one company that grabbed all my imagination and interest, a company that really stood out.”
Baeck thought the logical solution then was to establish his own “ideal company” and begin another startup. And to do so, he reached out to colleagues he had worked within the past. They include Niels Verheijen, Thomas Dhollander, Stijn Meganck, Jeroen Hoekx, Yorick Bloemen, who joined the company with Frederic Hanika as the M&A advisor, and Jeroen Van Godtsenhoven as the Chairman. And that’s how Bert Baeck founded his new startup: Timeseer.AI.