German data management innovator One Data has successfully closed a €32 million Series B extension round, marking a significant milestone in its journey to transform how businesses handle and utilize data. This funding injection positions the company to expand its AI-powered data product management platform beyond its current stronghold in the DACH region.

Funding Details and Investor Support

The funding round was co-led by a trio of prominent European deep tech and software investors: Vsquared Ventures, Molten Ventures, and HV Capital. This collaborative investment underscores the confidence in One Data's vision and potential to revolutionize data management across industries.

One Data's Innovative Solution

Founded in 2012, One Data has developed an AI-driven data product builder that empowers businesses to construct, manage, and share data products efficiently. The platform's capabilities extend across various sectors, including retail, manufacturing, pharmaceuticals, chemistry, and automotive. Notable clients in the DACH region include BioNTech, ThyssenKrupp, and SCHOTT.

Tackling Data Management Challenges

One Data's solution addresses a critical gap in the business world. Only a few German companies are fully leveraging their available data, despite over half aiming to implement data-driven business models within the next two years. One Data's platform aims to bridge this gap by streamlining data processes and enabling more effective use of AI, GenAI, Business Intelligence, and Process Mining technologies.

Technology and Its Impact

The company's innovative approach transforms siloed data into valuable, reliable data products. This transformation facilitates consistent data governance policies, leading to improved supply chain stability, enhanced forecasting, accelerated R&D processes, and more efficient data teams. The platform's ability to make the value of data work visible is a game-changer for businesses seeking to capitalize on their data assets.

Expansion Plans and Future Outlook

With this new funding, One Data plans to:

1. Strengthen its position in data product management

2. Expand its offerings into international markets

3. Foster strategic partnerships

4. Broaden access to its product for a larger customer base

The company aims to replicate its success in the DACH region on a global scale, positioning itself as a category leader in Data Product Management.

Investor Perspective

Benedikt von Schoeler, General Partner at Vsquared Ventures, emphasized One Data's potential to become a key enabler for companies looking to leverage the full potential of their software applications, including GenAI and BI. He highlighted the vast potential in Europe and abroad in this emerging market, noting that smart data management is crucial for companies aiming to stay competitive.

One Data's successful Series B extension round represents a significant step forward in the realm of data product management. As businesses increasingly recognize the importance of effective data utilization, One Data's AI-powered platform stands poised to play a crucial role in unlocking the full potential of corporate data assets. With strong investor backing and a clear vision for international expansion, One Data is well-positioned to lead the charge in transforming how businesses approach data management and analytics in the years to come.