Munich-based One Data, a data management software company, announced the completion of its €32M Series B extension round. The funding was co-led by Vsquared Ventures, Molten Ventures, and HV Capital.
One Data offers an AI-powered Data Product Builder and aims to become the leader in Data Product Management. The company serves blue-chip customers like BioNTech, thyssenkrupp, and SCHOTT across the DACH region.
Nelly Markova, Partner at Molten Ventures, says, “One Data has built a world-class AI-native platform that allows business users to harness the value of data in an automated fashion. The platform is already trusted by many blue-chip customers, and we are looking forward to supporting Andreas and the One Data team to scale the business globally.”
David Kuczek, General Partner at HV Capital, adds, “One Data is revolutionising data management by pioneering data products. With years of consulting experience solving intricate data challenges, they are uniquely positioned to address customer pain points. The global growth potential is immense, driven by the increasing data demands of LLMs.”
Capital utilisation
The funds will help One Data strengthen its market position, expand internationally, and enhance strategic partnerships to reach a larger customer base.
Dr. Andreas Böhm, founder and CEO of One Data, says, “The next major jump in productivity can only happen if businesses start using data more effectively. Our new and unique technology turns siloed data automatically into reliable, valuable data products, enabling companies to establish a consistent data governance policy.”
“This leads to more stable supply chains, better forecasting, faster R&D processes and highly efficient data teams, who are a true asset for their businesses and whose work now becomes visible through our software.”
“As a result, the corporate value they generate through data products is self-evident. We are delighted by the trust and support shown by our new investors. We can now achieve our mission much faster: to enable many companies globally to use data profitably and create substantial business value.”
“Additionally, our investors’ expertise in the fields of deep tech, software and scaling, as well as their strategic approach, knowledge and contacts will be a huge value to One Data on our growth journey,” adds Dr. Böhm.
The AI-powered data product builder
Data is crucial for technological advancements like AI, GenAI, Business Intelligence, and Process Mining, yet many businesses need help with proper access and management.
Recent Bitkom research reveals that in Germany, only 6 per cent of companies fully utilise their available data, while over half plan to adopt data-driven business models within the next two years. The time spent requesting, finding, integrating, and preparing data hampers the implementation of artificial and business intelligence.
One Data bridges the gap between data experts and non-technical business users with its interface and Data Product Marketplace. This allows users of all skill levels to efficiently create, manage, and share data products, democratising data access and collaboration within organisations.
The company’s AI-powered Data Product Builder allows businesses to efficiently build, manage, and share data products, saving approximately 80 per cent of the time typically spent on these tasks.
It uses AI to collect, analyse, and connect data points, enhancing the quality of insights across industries like retail, manufacturing, pharma, chemistry, and automotive.
Benedikt von Schoeler, General Partner at Vsquared Ventures, says, “One Data can become the key enabler for companies to leverage the full potential of their software applications, including GenAI and BI.”
“Both in Europe and abroad, there is vast potential in this huge emerging market, as smart data management is a prerequisite for any company looking to stay ahead in its industry.”
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