TextQL, which competes with vendors like Palantir and C3.ai, currently has customers across healthcare, bio and life sciences, financial services, manufacturing, and media. The company claims to have an annual recurring revenue in the six figures, providing several years of runway. TextQL, which has a team of around 10 people, has raised $4.1 million across pre-seed and seed rounds co-led by Neo and DCM, with participation from Unshackled Ventures, Worklife Ventures, PageOne Ventures, FirstHand Ventures, and Indicator Fund.
Key takeaways:
- Mark Hay and Ethan Ding are the co-founders of TextQL, a platform that connects a company’s existing data stack to large language models like OpenAI’s ChatGPT and GPT-4.
- TextQL aims to give business teams the ability to ask questions of their data on-demand, using a tool that understands their teams’ ‘nouns’ and semantics.
- TextQL has half a dozen customers across healthcare, bio and life sciences, financial services, manufacturing and media, with an annual recurring revenue in the six figures.
- TextQL has raised $4.1 million across pre-seed and seed round sco-led by Neo and DCM with participation from Unshackled Ventures, Worklife Ventures, PageOne Ventures, FirstHand Ventures and Indicator Fund.