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Generative AI data analyst startup TextQL raises $4.1M in seed funding - SiliconANGLE

Dec 12, 2023 - siliconangle.com
Generative AI startup TextQL has raised $4.1 million in seed funding to develop its data analyst-like chatbot assistant for businesses. The funding was co-led by Neo and DCM, with participation from Unshackled Ventures, Worklife Ventures, PageOne Ventures, FirstHand Ventures, and Indicator Fund. TextQL's product, Ana, is an AI data analyst that connects business intelligence tools with existing documentation and semantic layers, aiming to automate the lifecycle of enterprise data.

The company plans to use the new funds to expand its workforce and onboard more customers in the next quarter. TextQL's platform is already being used by tens of thousands of employees in industries such as healthcare, financial services, and media. The company also plans to integrate more semantic layers, BI platforms, and data catalogs to allow more companies to use their preferred tools.

Key takeaways:

  • Generative AI startup TextQL has raised $4.1 million in funding through two rounds, pre-seed and seed, to develop a data analyst-like chatbot assistant for enterprise workers.
  • The company's AI-powered data analyst, Ana, can be integrated within an organization’s data stack, connecting to business intelligence tools and pointing users to existing dashboards when a question has already been asked.
  • TextQL's platform is already being used by tens of thousands of employees in industries such as healthcare, financial services and media.
  • With the new funding, TextQL plans to expand its workforce and onboard 10 new customers in the next quarter. The company is also planning further integrations for more companies to use their preferred semantic layers, BI platforms and data catalogs.
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