MyDataModels, a French startup that offers companies a turnkey solution to implement artificial intelligence data analysis without machine learning skills, announces a €2.5 million seed round led by Speedinvest, with participation from Region Sud Investissement and existing investors Earlybird Venture Capital. 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.
Founded in 2018 by Alain Blancquart and 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 accurate, actionable analysis, which enables companies of all sizes to make data-based decisions and optimize their businesses. 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 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 commercial development in France and internationally,” said Alain Blancquart, CEO of MyDataModels.
While continuing to strengthen its strong foothold in France, MyDataModels will use the new funding to enter additional markets, expand its workforce, and introduce AI-powered, predictive analytics to more small and mid-size companies across a variety of industries.
“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! Its predictive analytics technology based on small data sets is making AI accessible to all. We are excited to support the expansion of its unique AI products and technology across Europe,” said 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.