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Noogata Unveils No-Code Platform to Scale Enterprise AI
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$12M seed round funding will be used to spur digital transformation, unlock data and expand to new industries TEL AVIV, Israel (PRWEB) March 16, 2021 Noogata, the leader in radically simple, no-code artificial intelligence (AI) data analytics for enterprises, today announced that it has secured a $12 million seed funding led by Team8 with participation from Skylake Capital. Investment proceeds will power product development and organizational expansion to fast-track and scale Noogata’s innovative enterprise AI offering; support the company’s expansion into new industries; and serve existing customers, including Colgate and PepsiCo.
by David Prior
A Manchester-based AI software provider has secured a $3m investment boost.
Founded in November 2017, Mindtrace’s mission is to deliver ‘brain-inspired’ AI solutions which improve the accuracy of artificial intelligence models and reduce time to deployment.
The funding round was led by Skylake Capital, Bloc Ventures and existing investor Mercia Asset Management.
Mindtrace will use the cash to accelerate its product roadmap and bolster go-to market capabilities, including strategic partnerships.
Following the investment Marcos Battisti, general partner at Skylake Capital, and Michael Dimelow, chief commercial officer at Bloc Ventures, have joined the company s board of directors.
Battisti said: Mindtrace is a true innovator in a rapidly emerging new market dynamic. The company has developed a platform offering a unique combination of capabilities which include few-shot learning and federated learning.