With the exponentially increasing demand in the market, several data science companies have emerged over the past few years.
Undoubtedly, data has come out as the backbone for businesses that have made companies opt for Data Science. On a global basis, the number of data science startups is growing. With the exponentially increasing demand in the market, several Data Science companies have emerged over the past few years. With its ever-increasing prospectus, a lot of youngsters, as well as experienced experts, are opening data science startups. The investors are also eager to help them get on with their operation because of the future benefits. This article features the top 10 enormous data science funding rounds you should know about in 2022.
Total Funding Amount – US$72 Million
Darwinbox has recently made up to the unicorns in the Analytics SaaS domain. The company specializes in producing HR management software for major companies and has become the first true local player in data science to enter into the famed unicorn club with a valuation of over US$1 Billion, starting 2022 with a bang.
Total Funding Amount – US$100 Million
Investors: WestBridge Capital
Lead is an Ed-tech company that has raised US$100 Million at a US$1.1 billion value. The company focuses on understanding the base of the students’ learning and making sure that their life outcomes are as lucrative as they aspire to be. This has resulted in the strong adoption of Lead’s data science-driven educational solutions and enables widespread accessibility.
Total Funding Amount – US$805 Million
Investors: Canada Pension Plan Investment Board (CPP Investments), Ontario Teachers’ Pension Plan Board (Ontario Teachers), Luxor Capital, Sumeru Ventures, and others.
VerSe plans on both deepening and broadening its AI/ML and data science capabilities to further cement its leadership position across all user engagement and user retention metrics drive deeper monetization including influencers, e-commerce, live streaming, and forays into Web 3.0 experiences across its local language creator base of over 50 million creators.
Total Funding Amount – US$300 Million
Investors: General Atlantic, CVS Health, and more
For startups, reaching unicorn status — a valuation of over US$1 billion — is a major milestone. And with its latest funding round, Biofourmis just surpassed that milestone, getting there. The company leverages software and data science, along with clinical care teams, to deliver care virtually in the home. Currently, the company has roughly 500 employees, including clinicians and data scientists.
Total Funding Amount – US$37 Million
Investors: Crane Ventures, Datadog CPO Amit Agarwal, and Vercel CEO Guillermo Rauch
Tinybird’s seed funding round in 2021 raised US$3 million toward its goal of building a product that ingests data in real-time, turns it into SQL, and automatically builds a production-ready API ready to be rolled out into live environments. As an added perk, API transformations happen on the fly, ensuring that the latest data is always represented.
Total Funding Amount – US$57 Million
Investors: XL Innovate and Hearst Ventures
Founded in 2013, Jonathan Matus and Pankaj Risbood, former Google employees, created this data science startup. They created this platform to leverage the sensor data of mobile devices and collect insights. The technology used to develop the platform is data-driven and AI-driven which helps in analyzing the customer’s data.
Total Funding Amount – US$325 Million
Investors: TA Associates and Khazanah Nasional
Founded in 2000, Fractal Analytics has developed as one of the top data science service providers in the nation. With a worldwide impression bragging about a few Fortune 500 organizations from ventures like retail, insurance, and technology, there is unquestionably no halting for this one. The organization is at present employing data scientists for its workplaces in Bangalore, Mumbai, and Gurgaon.
Total Funding Amount – US$77.9 Million
Investors: Norwest Venture Partners and Institutional Venture Partners
Qubole’s Platform provides end-to-end data lake services such as cloud infrastructure management, data management, continuous data engineering, analytics, and machine learning with near-zero administration. Qubole is trusted by leading brands such as Expedia, Disney, Oracle, and Adobe to spur innovation and transform their businesses for the era of big data. No other platform provides the openness and data workload flexibility of Qubole while radically accelerating data lake adoption, reducing time to value, and lowering cloud data lake costs by 50 percent.
Total Funding Amount – US$20 Million
Investors: Not Disclosed
Razorthink was established as an emerging enterprise providing AI solutions. Funded by individual investors, the company targets adept computing through a distinct accumulation of AI optimization, automation, dynamic models, and data science tools. Razorthink has a team of more than 100 professionals who are relentlessly supporting small and big businesses to optimize AI-based customer services, risk management, fraud detection, and other services.
Total Funding Amount- US$32.6 Million
Investors: Invested Development and Pratithi Investment Trust
CropIn is a leading provider in terms of interpolating the SaaS model with the agricultural sector. Keeping the challenges faced by the agrarian business in mind, CropIn started providing solutions that revolve around financial analytics, weather foresight, data interpretation, satellite monitoring, geo-tagging, AI, and big data analytics, to name a few. The company’s ultimate mission is to make every farm traceable.
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