Noogata Raises $12M Seed Round - No-Code Enterprise AI

Noogata Secures $12 Million Seed Funding to Advance No-Code AI

Noogata, a company specializing in no-code AI solutions for businesses, has announced the successful completion of a $12 million seed funding round. This investment was spearheaded by Team8, with additional participation from Skylake Capital.

Founded in 2019, Noogata currently serves clients in the e-commerce, retail, and financial services sectors, including prominent names like Colgate and PepsiCo. The newly acquired funds will be strategically allocated to accelerate product development and facilitate expansion into additional industries.

Platform Capabilities and Applications

The core of Noogata’s offering is a platform comprised of pre-configured AI building blocks. These components are designed for seamless integration with existing enterprise tools, such as data warehouses, Salesforce, and Stripe, alongside other crucial data sources.

For instance, an e-commerce business could leverage the platform to refine its pricing strategies based on data-driven recommendations. Similarly, a traditional retailer could utilize it to optimize product assortment planning for individual store locations.

Image Credits: Noogata

Vision for Data-Driven Insights

According to Noogata co-founder and CEO, Assaf Egozi, data teams are central to modern digital transformation. He emphasizes the necessity for these teams to effectively unlock the potential within their data.

“They require consistent, explainable, and dependable insights and predictions,” Egozi stated. “Noogata delivers value by offering contextual, business-oriented blocks that integrate smoothly into existing data environments, generating actionable intelligence, forecasts, and suggestions.”

This approach empowers users to surpass the limitations of conventional business intelligence by incorporating AI into both self-service analytics and broader data solutions.

Image Credits: Noogata

Addressing the AI Talent Gap

The current market is witnessing a surge in startups focused on simplifying AI implementation. The increasing availability of data, coupled with the rise of data warehousing, provides the foundation for machine learning-based predictions.

However, a significant challenge remains: a shortage of skilled data scientists and developers capable of building these models independently. Consequently, there’s growing demand for no-code/low-code platforms like Noogata, which aim to bridge this gap. Abacus.ai represents another well-funded competitor in this space.

Team8’s Perspective on Noogata’s Potential

Yuval Shachar, managing partner at Team8, highlighted Noogata’s position in addressing a critical market need. He believes the platform offers a superior, no-code data analytics solution for informed decision-making.

“Noogata’s innovative platform eliminates the complexities and costs associated with internal development or the limitations of off-the-shelf vendor solutions,” Shachar explained. “Their ability to unlock data value through AI is transformative, and combined with a strong founding team, I am confident in their future success.”

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