Based in London Fluenta data analysis platform, announced that it had obtained 7.5 million dollars (approximately 6.89 million euros) in a funding round led by Hoxton Venturesa London-based venture capital firm, and Tiferes Ventures.
Fluent makes it easy for teams to work together on data, avoiding confusion and disagreements by providing real-time collaboration and a shared data dictionary.
Clark Valberg, Managing Partner of Tiferes Ventures and Co-Founder of InVision, said: “Fluent enables an entirely new paradigm of collaborative intelligence by democratizing real-time access to data-driven insights at every altitude of the organization . »
“I believe this is the most important strategic and cultural evolution happening in modern business.”
Charles Seely, partner at Hoxton Ventures, adds: “In a data-driven world, the current approach to data analytics is selling companies short, creating permanent bottlenecks in their organizations that slow everyone down and hinder decision-making. »
“Fluent’s approach is not only innovative, it is urgently needed, and we are excited to be part of their journey to reshape the way businesses interact with data.”
Use of capital
Fluent plans to use these funds to accelerate the development of its technology. Additionally, the funds will support the expansion of their team, particularly focusing on recruiting AI and machine learning experts across Europe.
Ian Weber, Partner at Bain & Company, said: “The Fluent platform has helped us leverage LLMs to query and deliver insights from large, complex data sets. »
“Fluent enables our non-technical users to get the answers they need quickly, efficiently and accurately, especially for questions that are too complex or specific for pre-built data dashboards. We’re excited to explore how Fluent can help our customers better access data and insights in the future.
“Ask data directly, get insights instantly”
Robert Van Den Bergh, CEO of Fluent, says: “On average, 40% of a data team’s time is spent answering questions from across their organization. »
“Many of these questions are easy for the data team to answer, but they distract them from the deeper, more strategic analysis that can transform their business. »
“Using Fluent’s natural language interface, we help team members self-service answer their data questions. »
Current, a AI-powered data analyst, allows non-technical team members to ask questions in plain English directly about their data. This process delivers insights in seconds, relieving data teams of the burden of manually processing ad hoc data requests.
Fluent’s AI is equipped to respond to requests ranging from specific customer details to new feature launches and divisional financial performance. Over the past two years, the company has attracted flagship clients like Bain & Company to democratize data accessibility.
Cameron Whitehead, CTO at Fluent, adds: “Our customers adopted business intelligence tools, like Tableau and Looker, expecting their non-technical team members to query the data on their own, but quickly discovered that these tools were too technical, resulting in only a small percentage of team members actually using them.
“Fluent is designed to meet the needs of team members who are not data experts,” adds Whitehead.
