We are delighted to announce that Molten has co-led the latest round in One Data, a German software company, in a Series B extension totalling €32 million.
One Data is a leading name in the use of applied artificial intelligence (AI) which has a large portfolio of blue-chip customers across the DACH region, including BioNTech, thyssenkrupp and SCHOTT.
Molten co-led the funding round with HV Capital and Vsquared Ventures.
One Data intends to use this additional capital to further strengthen its leading position in data product management, an emerging category in the field of software, as well as to expand into new international markets. This financing will also enable One Data to continue to pursue key strategic partnerships.
One Data’s new data management technology facilitates a rapid return on investments in data and AI while improving an organisation’s competitiveness.
According to a recent Bitkom study*, only 6 percent of German companies are harnessing the potential of the data available to them. More than half are aiming to implement a data-driven business model within the next two years but even though the efficient use of data is critical for companies to stay competitive in the future, data privacy and legal uncertainties are slowing down its supply.
Many companies are currently struggling to manage their data effectively. The data often lacks the necessary quality, requires extensive manual work to integrate into other systems, or is not accessible across the organisation in a way that meets data governance standards.
Dr. Andreas Böhm, Founder and CEO of One Data, said:
“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."
Nelly Markova, Partner at Molten Ventures, added:
“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.”