Various approaches including, Machine Learning (ML), Artificial Intelligence (AI), and predictive analysis, are crucial in obtaining intensive customer-centric data to increase sales, improve customer satisfaction, and of course, generate new leads. While more and more businesses are looking to leverage the power of AI, execution becomes an obstacle for many.
And this is where MyDataModels, a French startup comes into play. Based out of Le Cannet, France, MyDataModels develops and markets TADA – an Automated Machine Learning software that builds and runs predictive models.
Raises £2.2 million
In the latest development, the company has raised €2.5 million (approx £2.2 million) seed round led by Speedinvest, with participation from Region Sud Investissement and existing investors Earlybird Venture Capital.
How will the funding be used?
The funding will help the company to expand into new international markets, strengthen its workforce, and make it easier for corporations and SMEs to make strategic data-based decisions.
TADA platform
Founded in 2018 by Alain Blancquart and Denis Bastiment, MyDataModels makes AI accessible via its innovative TADA platform. Using predictive analytics based on advanced Machine Learning technology, TADA turns even small data sets into accurate and actionable analysis enabling companies of all sizes to make data-based decisions and optimise their businesses. It is easy to use and does not require coding nor machine learning skills, claims the company.
MyDataModels currently supports major French companies in the health and industrial sectors, including Sanofi and Thales, but will now expand its offering to corporations and SMEs across Europe and beyond.
“We are excited to democratise access to Artificial Intelligence for companies of all sizes. This new round of financing will enable us to offer our platform to both large corporations and small and medium-sized companies across Europe,” says Alain Blancquart, CEO of MyDataModels.
“A large number of enterprises today can’t leverage the power of AI/ML technologies to make better business decisions, because they don’t have troves of big data at their fingertips. MyDataModels changes that! We are excited to support the expansion of its unique AI products and technology across Europe,” says Rick Hao, Principal at Speedinvest.
“MyDataModels offers a technology that adapts to the needs of companies and their technological environment, enabling a wide range of new embedded AI applications. This is also an incredible growth opportunity for MyDataModels, which can be extended to many other businesses,” said Andre Retterath, Principal at Earlybird.
The post This French startup snaps £2.5M to help businesses predict their data using AI appeared first on UKTN (UK Tech News).
