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ICTJournal: La start-up RAW Labs lève 5,5 millions pour sa plateforme d’accès unifié aux données

Spin-off de l’EPFL, la start-up RAW Labs reçoit une injection de capital pour son développement commercial et technologique. La jeune pousse sera désormais dirigée par Lars Farnstrom.

Spin-off de l’EPFL, la jeune pousse RAW Labs annonce une levée de fonds de 5,5 millions de francs auprès d’investisseurs spécialisés parmi lesquels Investiere. Le financement servira à accélérer son développement commercial auprès des grandes entreprise et à étendre les capacité de sa plateforme NoDB. Destinée aux data scientists, ingénieurs et autres analystes, la solution permet d’accéder, d’interroger, de nettoyer et d’améliorer des sources de données hétérogènes en temps réel. Unique en son genre, le moteur de requête au coeur de la plateforme offre un accés unifié à des données complexes en s’épargnant les tâches fastidieuses préalables (ETL/ELT, intégration).

La jeune pousse, qui avait rencontré les CIO du Digital Circle fin 2018, annonce aussi des changements dans son leadership. Lars Farnstrom devient CEO de RAW Labs, tandis qu’Anastasia Ailamaki, professeure à l’EPFL et co-fondatrice de la start-up, prend la fonction de Chief Scientific Officer. «Nous sommes ravis que Lars ait accepté le rôle de CEO. Sa longue expérience dans le domaine des logiciels d’entreprise, acquise auprès de sociétés comme Siebel Systems et C3.ai, est un atout considérable et nous permettra de faire passer RAW Labs à la vitesse supérieure», commente Ariel Luedi, l’un des investisseurs fondateurs de RAW Labs et ancien CEO de SAP Hybris.

Ven 12.02.2021 – 13:59 par Rodolphe Koller

Source: ICTjournal

RAW Labs Raises $5.5M to Help Enterprises Unlock the Value of Their Data

Lausanne, Switzerland – February 11, 2021 – RAW Labs, today announced it has completed a USD 5.5M pre-A funding round raising capital from new and existing investors to support the surge in demand for its revolutionary data management solution. The company also announced Lars Farnstrom as its new CEO.

The financing round was led by a group of investors specializing in investments of high growth technology companies and Investiere.ch. The funding will enable RAW Labs to accelerate the acquisition of large enterprise clients and continue investing in the expansion of the capabilities of its core NoDB data platform. Claude Honegger (former global CIO of Credit Suisse) and Pyrros Koussios (former private equity investor and senior executive at international technology companies) are joining the board of directors.

“We are excited that Lars has accepted the CEO role. His long experience in enterprise software from companies like Siebel Systems and C3.ai is a tremendous asset and will enable us to take RAW Labs to the next level,” said Ariel Luedi, one of the founding investors of RAW Labs and former CEO of SAP Hybris. Professor Anastasia Ailamaki, co-founder of RAW Labs, will continue as Chief Scientific Officer with the mission to strengthen the company’s research into groundbreaking data management technologies.

RAW Labs’ NoDB is a platform for data engineers, data scientists, and data analysts to seamlessly access, query, clean, and enhance heterogeneous data sources in near real time and transform them into high-value data products for consumption by analytical tools, ML-models, and enterprise applications. 

What makes RAW NoDB unique is its revolutionary query engine, which unlike any other solution in the market uses Category Theory. This gives RAW the unique capability to query large and complex data sources at high performance without the need for any costly and time-consuming ETL/ELT preprocessing or integration with data sources.

“It’s a privilege to have a group of sophisticated investors who have proven experience in helping technology companies scale,” said Lars Farnstrom, CEO of RAW Labs. “Data drives digital transformation. We believe that by eliminating the artificial barrier between operational and analytical data, and by enabling this in record time and without any expensive integrations, RAW Labs can help companies accelerate their digital transformation. Just connect your data sources and start asking questions that will help you unlock new insights on how to reduce costs or increase sales.”

About RAW Labs

RAW Labs, an École Polytechnique Fédérale de Lausanne (EPFL) spinout, helps companies unlock the value of data by providing a single unified platform to effortlessly access and convert any data source into data products for new insights and better decision making, at a fraction of the time and cost of traditional solutions. RAW is available on premise, in the cloud, or in hybrid mode. 

RAW Labs selected to participate in the 2021 Accenture FinTech Innovation Lab

We are proud to announce that RAW Labs have been selected to participate in the 2021 Accenture FinTech Innovation Lab.

Run by Accenture, London’s FinTech Accelerator Lab helps start-ups to build connections with relevant decision makers, gain valuable insights to take businesses to the next level, and catapult visibility with the people who matter. A community framework with a global reach.

“We are very excited to participate in this highly regarded acceleration program”, says Lars Färnström, CEO of RAW Labs. “This provides a unique opportunity for us to fine-tune our value proposition for the financial industry and to engage with leading financial institutions.”

The FinTech Innovation Lab is a highly competitive, 12-week program that helps early to growth-stage enterprise technology companies refine and test their value proposition with the support of the world’s leading financial service firms.

This innovative program is an opportunity for the participating start-ups to work with potential future customers, validate propositions, gain valuable insights into the financial services industry and develop strong relationships with senior industry executives. Entrepreneurs developing potentially game-changing technologies for financial services—particularly in the areas of artificial intelligence (AI), machine learning, cryptography, security, data and analytics and, blockchain and distributed ledger—are selected to participate in the program.

For more information please visit https://www.fintechinnovationlab.com/

Gartner lists RAW Labs in its Market Guide for Analytics Query Accelerators

RAW Labs was mentioned as a Representative Vendor in Gartner’s Market Guide for Analytics Query Accelerators1. According to Gartner, “Data and analytics leaders continue to struggle with getting value from data lake initiatives that have grown to be unwieldy or that cannot deliver adequate performance as they have evolved. Analytics query accelerators provide a means of making data in semantically flexible data stores more accessible for production and exploratory use. For those data lakes that store some of their data in semi-structured or structured and understood form, the accelerators provide a means of accessing the data in situ.”

RAW Data Fusion is a data management platform for data engineers, data scientists and data analyst to seamlessly query heterogenous operational data sources in situ and in real-time, and transform them into new data sets for consumption by analytics tools, ML-Models and enterprise applications.

Says Miguel Branco, RAW Labs CTO: “Being mentioned by Gartner as Query Analytics Accelerator is a great testament to our efforts of delivering a ground breaking data management platform that helps companies get more value of their data lakes, data warehouse and operational systems.”

“Analytics query accelerators provide optimization on top of semantically flexible data stores, typically associated with data lake architectures. Data and analytics leaders should use these offerings to accelerate the time to value of their data lake initiatives as they move toward operational production delivery.”

1) “Gartner Market Guide for Analytics Accelerators,” by Analysts Adam Ronthal, Merv Adrian, Henry Cook, December 9, 2020

https://www.gartner.com/en/documents/3994139/market-guide-for-analytics-query-accelerators

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